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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 22

Examination to take place in private

  (1)   The examination must take place in private and the inspector may give directions about who may be present during it, or during a part of it.

  (2)   A person must not be present at the examination unless he or she:

  (a)   is the inspector, the examinee or 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   23(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 .


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