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Evidence of reasonableness of advised market value.
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57.— (1) The Authority may, in the course of an investigation, by notice in writing require a licensee to provide to it, on or before a date specified in the notice, evidence of the reasonableness and means of calculation of any advised market value of land stated by the licensee—
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(a) to the vendor of the land,
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(b) in any advertisement in respect of the land,
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(c) in the particulars or conditions of sale of the land,
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(d) to a prospective purchaser of the land, or
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(e) at the time of the auction of the land.
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(2) A person, other than a licensee, who—
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(a) withholds, destroys, conceals or refuses to provide any information, record or other document required by the Authority under subsection (1), or
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(b) otherwise obstructs or hinders the Authority in the performance of its functions under this section,
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is guilty of an offence and liable on summary conviction to a class A fine or imprisonment for a term not exceeding 12 months or both.
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