40Conduct of prescribed body inquiry

40 Conduct of prescribed body inquiry

(1)  [Section 40 Subsection (1) amended by No. 13 of 2015, s. 27, Applied:01 Jul 2015] [Section 40 Subsection (1) amended by No. 13 of 2015, s. 27, Applied:01 Jul 2015] Subject to this Act and the regulations, the Regulator may conduct a prescribed body inquiry in such manner as the Regulator considers appropriate and, in particular, may at his or her discretion –

(a) receive written and oral submissions; and

(b) consult with any person; and

(c) hold conferences and seminars; and

(d) determine whether any person wishing or required to appear before the Regulator may be represented by another person.

(2)  In conducting a prescribed body inquiry, the Regulator –

(a) [Section 40 Subsection (2) amended by No. 13 of 2015, s. 27, Applied:01 Jul 2015] [Section 40 Subsection (2) amended by No. 13 of 2015, s. 27, Applied:01 Jul 2015] is not bound by the rules of evidence but may inform himself or herself of any matter in any manner the Regulator considers appropriate; and

(b) [Section 40 Subsection (2) amended by No. 13 of 2015, s. 27, Applied:01 Jul 2015] has the power to do all things the Regulator considers necessary or convenient for the purposes of the prescribed body inquiry.