15Interpretation

##### 15 Interpretation (1) In this Division, unless the contrary intention appears: > direction means a direction given to the Commission in the exercise of a power under subsection 16(1), (2) or (3) in relation to the carrying out of an investigation into matters relating to dealing in securities. > inspector means an inspector appointed under this Division. > prescribed direction means a direction given in the exercise of a power under subsection 16(1) or (2) otherwise than in response to a request made by the Commission under subsection 16(4), not being a direction that has been approved by the Ministerial Council under subsection 16(6). > prescribed person means a person suspected or believed by an inspector, on reasonable grounds, to be capable of giving information concerning any matter being, or to be, investigated by the inspector pursuant to this Division. > relevant authority, in relation to a direction or in relation to an investigation that is carried out, or is to be carried out, pursuant to a direction, means: (a) in the case of a direction given by the Minister other than a direction that has been approved by the Ministerial Council under subsection 16(6)—the Minister; or (b) in the case of a direction given by the Ministerial Council or approved by the Ministerial Council under subsection 16(6)—the Ministerial Council. (1A) In this Division, a reference to a statement made at an examination includes a reference to a question asked, an answer given, or any other comment or remark made, at the examination. (2) Where 2 or more inspectors have been appointed under this Division to investigate particular matters relating to dealing in securities, each of those inspectors may exercise his powers or perform his functions under this Division independently of the other inspector or inspectors. (3) In relation to an investigation carried out by the Commission into matters relating to dealing in securities: (a) a reference in section 19, 21, 32 or 35 to an inspector shall be read as a reference to a member of the Commission or to an authorized agent of the Commission; and (b) the reference in section 34 to an inspector shall be read as a reference to the Commission. (4) The reference in subsection (3) to an authorized agent of the Commission shall be read as a reference to: (a) an employee of the Commission; (b) a person whose services are available to the Commission by virtue of arrangements made under subsection 24(1) or (2) of the National Companies and Securities Commission Act 1979; or (c) a person engaged under subsection 25(1) of that Act, who is authorized by the Commission to act on behalf of the Commission in connection with the investigation concerned. (5) In relation to an investigation carried out pursuant to a prescribed direction into matters relating to dealing in securities, a reference in section 21, 30 (other than subsection (4)) or 35 to the Commission shall be read as a reference to the relevant authority.