Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 47

  (1)   A disclosure to ASIC pursuant to a requirement made under this Division must take place in private and ASIC may give directions about who may be present during it, or during a part of it.

  (2)   A person must not be present during a disclosure unless he or she:

  (a)   is a member; or

  (b)   is a staff member approved by ASIC; or

  (c)   is entitled to be present by virtue of:

  (i)   a direction under subsection   (1); or

  (ii)   subsection   48(1).

Penalty:   30 penalty units.

  (3)   Subsection   (2) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .