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Australian Securities and Investments Commission Act 2001
66Contempt of ASIC
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#### 66 Contempt of ASIC
(1) A person must not:
(a) engage in conduct that results in the obstruction or hindering of ASIC or a member in the performance or exercise of any of ASIC’s functions and powers; or
(b) engage in conduct that results in the disruption of a hearing.
Penalty: 2 years imprisonment.
(2) A person must not contravene a direction given under subsection 55(1).
Penalty: 120 penalty units.
(2A) Subsection (2) does not apply to the extent that the person has a reasonable excuse.
> Note: A defendant bears an evidential burden in relation to the matter in this subsection, see subsection 13.3(3) of the Criminal Code.
(2B) Subsection (2) is an offence of strict liability.
> Note: For strict liability, see section 6.1 of the Criminal Code.
(3) An offence constituted by a contravention of subsection (1) or (2) is punishable on summary conviction.