(1)  The Board or investigator may hold hearings for the purposes of an investigation or audit to which this Part applies.

(2)  Sections 52, 56(1), 58, 59(1), (2), (5), (6) and (8) and 60 (paragraph (b) excepted) of the Australian Securities and Investments Commission Act 2001 of the Commonwealth apply to a hearing, with the following modifications (and any other necessary modifications):

(a) a reference to the Australian Securities and Investments Commission (however expressed) is taken to be a reference to the investigator;

(b) a reference to a member or staff member is taken to be a reference to the Board or prescribed authority or a person authorised by the Board or prescribed authority who is an officer or employee of the Board or prescribed authority;

(c) a reference to a prescribed form is taken to be a reference to a form approved by the Board;

(d) any modifications prescribed by the regulations.