(1) This section applies if, under a law of the Commonwealth or in a proceeding in a federal court, a body corporate is required to:
(a) answer a question or give information; or
(b) produce a document or any other thing; or
(c) do any other act whatever.
(2) The body corporate is not entitled to refuse or fail to comply with the requirement on the ground that answering the question, giving the information, producing the document or other thing or doing that other act, as the case may be, might tend to incriminate the body or make the body liable to a penalty.