AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 48 Lawyer of person making disclosure may attend

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 48

  (1)   The lawyer of a person making a disclosure to ASIC pursuant to a requirement made under this Division may be present during the disclosure and may, at such times during it as the representative of ASIC presiding at the meeting during which the disclosure is made determines, address the representatives of ASIC about the disclosure.

  (2)   If, in the presiding representative's opinion, a person is trying to obstruct the disclosure by exercising rights under subsection   (1), the presiding representative may require the person to stop addressing the representatives of ASIC.

Note:   Failure to comply with a requirement made under this subsection is an offence (see section   63).

  (3)   An offence under subsection   63(4) relating to subsection   (2) of this section is an offence of strict liability.

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