385Power to hold hearings

385 Power to hold hearings

385 Power to hold hearings

(1) The investigator may hold hearings for the purposes of an investigation, examination or audit to which this Part applies.

(2) Sections 52, 56(1), 58, 59(1), (2), (5), (6) and (8) and 60 (paragraph (b) excepted) of the ASIC Act apply to a hearing, with the following modifications (and any other necessary modifications)—

(a) a reference to ASIC (however expressed) is taken to be a reference to the investigator;

(b) a reference to a member or staff member is taken to be a reference to the designated local regulatory authority or a person authorised by the local regulatory authority who is an officer or employee of the local regulatory authority;

(c) a reference to a prescribed form is taken to be a reference to a form approved by the designated local regulatory authority.