#### 47 Disclosures to take place in private (1) A disclosure to ASIC pursuant to a requirement made under this Division must take place in private and ASIC may give directions about who may be present during it, or during a part of it. (2) A person must not be present during a disclosure unless he or she: (a) is 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 48(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.

Previous section44Exercise of certain powers of ASIC in relation to trust property acquired or disposed of by trustee company Next section48Lawyer of person making disclosure may attend

Section 47 - Australian Securities and Investments Commission Act 2001 - Disclosures to take place in private — Zoe