Commonwealth Numbered Acts

SECURITIES INDUSTRY ACT 1980 No. 66, 1980 - SECT 10

10. (1) A person shall not, without reasonable excuse, refuse or fail to
comply with a requirement made under section 8 or 9. Penalty: $10,000 or
imprisonment for 2 years, or both.

(2) A person shall not, in purported compliance with a requirement made under
section 8 or 9, furnish information or make a statement that is false or
misleading in a material particular. Penalty: $10,000 or imprisonment for 2
years, or both.

(3) A person shall not, without reasonable excuse, obstruct or hinder-

   (a)  the Commission or another person in the exercise of any power under
        section 8; or

   (b)  a person executing a warrant issued under section 9. Penalty: $10,000
        or imprisonment for 2 years, or both.

(4) The occupier or person in charge of any premises that a person enters
pursuant to a warrant referred to in sub-section 9 (1) shall provide the
last-mentioned person with all reasonable facilities and assistance for the
effective exercise of his powers under the warrant. Penalty: $2,500 or
imprisonment for 6 months, or both.

(5) A person is not excused from providing an explanation of any books
pursuant to a requirement made of him under section 8 or 9 on the ground that
the provision of the explanation might tend to incriminate him but, where the
person claims before providing the explanation that the explanation might tend
to incriminate him, the explanation is not admissible in evidence against him
in criminal proceedings other than proceedings under this section.

(6) Subject to sub-section (5), a statement made by a person in compliance
with a requirement made under section 8 or 9 may be used in evidence in any
criminal or civil proceedings against the person.