78Undertaking not admission of fault or liability

78 Undertaking not admission of fault or liability (1) This section applies if a person gives the regulator a proposed undertaking in relation to an alleged offence, whether or not the undertaking is accepted by the regulator. (2) The proposed undertaking is neither— (a) an express or implied admission of fault or liability by the person in relation to the alleged offence; or (b) relevant to deciding fault or liability in relation to the alleged offence. (3) A proposed undertaking and an enforceable undertaking are not admissible in evidence in a court or tribunal in any proceeding for the alleged offence.