160. Guidance about regulatory action

(1) The Commissioner must produce and publish guidance about how the Commissioner proposes to exercise the Commissioner's functions in connection with -

(a) information notices,

(b) assessment notices,

(c) enforcement notices, and

(d) penalty notices.

(2) The Commissioner may produce and publish guidance about how the Commissioner proposes to exercise the Commissioner's other functions under this Part.

(3) In relation to information notices, the guidance must include -

(a) provision specifying factors to be considered in determining the time at which, or the period within which, information is to be required to be provided;

(b) provision about the circumstances in which the Commissioner would consider it appropriate to give an information notice to a person in reliance on section 142(7) (urgent cases);

(c) provision about how the Commissioner will determine how to proceed if a person does not comply with an information notice.

(4) In relation to assessment notices, the guidance must in

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