CTHRepealedAct
Securities Industry Act 1980
30Provisions relating to reports
Start here
Get a plain-English read of 30
Turn the raw legal text into a practical explanation grounded in Securities Industry Act 1980.
##### 30 Provisions relating to reports
(1) Subject to subsection (2), where, in the opinion of the Commission, the whole or any part of a report made under this Division ought to be given to a person by reason that it relates to the affairs of that person to a material extent, the Commission shall, unless in its opinion there is good reason for not divulging the contents of the report or of that part of the report, give to that person a copy of the report or of that part of the report, as the case requires.
(2) Subject to subsection (3), the Commission shall not give a copy of a report or of a part of a report under this Division to a person if the Commission believes that legal proceedings that have been, or that in its opinion might be, instituted might be unduly prejudiced by giving the copy of the report or of that part of the report to that person.
(3) A court before which legal proceedings are brought against a person for or in respect of matters dealt with in a report under this Division may order that a copy of the report or of a part of the report be given to that person.
(4) Subject to subsection (5):
(a) the Ministerial Council may cause to be printed and published the whole or any part of a report under this Division that relates to an investigation the expenses of which are, under the Agreement, to be borne by the Commission; and
(b) the Minister may cause to be printed and published the whole or any part of a report under this Division that relates to an investigation the expenses of which are, under the Agreement, to be borne by the Commonwealth.
(5) Where:
(a) the Ministerial Council or the Minister would, but for this subsection have power to publish a report;
(b) the Ministerial Council or the Minister, as the case may be, receives:
(i) a certificate of the Attorney‑General of a State stating that the publication of the report would be prejudicial to the administration of justice in that State;
(ii) a certificate of the Attorney‑General of the Commonwealth stating that the publication of the report would be prejudicial to the administration of justice in a Territory (not being the Northern Territory) specified in the certificate; or
(iii) a certificate of the Attorney‑General of the Northern Territory stating that the publication of the report would be prejudicial to the administration of justice in that Territory; and
(c) the Ministerial Council or the Minister, as the case may be, has not received a further certificate of that Attorney‑General stating that the publication of the report would no longer be prejudicial to the administration of justice in the relevant State or Territory;
the Ministerial Council or the Minister, as the case may be, shall not cause or permit that report to be published in whole or in part.
(6) If from a report under this Division or from the record of an examination under this Division it appears to the Commission that an offence may have been committed by a person and that a prosecution ought to be instituted, the Commission shall cause a prosecution to be instituted and prosecuted.
(7) Where it appears to the Commission that a prosecution ought to be instituted, it may, by notice in writing given before or after the institution of a prosecution in accordance with subsection (6), require a person whom it suspects or believes on reasonable grounds to be capable of giving information concerning any matter to which the prosecution relates (not being a person who is or, in the opinion of the Commission, is likely to be a defendant in the proceedings or is or has been a duly qualified legal practitioner acting for such a person) to give all assistance in connection with the prosecution or proposed prosecution that he is reasonably able to give.
(8) Where a person to whom a notice has been given under subsection (7) fails to comply with a requirement specified in the notice, the Court may, on the application of the Commission, direct that person to comply with the requirement.
(9) If from a report under this Division, or from the record of an examination under this Division, the Commission is of the opinion that proceedings ought in the public interest to be brought by a person for the recovery of damages in respect of fraud, negligence, default, breach of duty, breach of trust or other misconduct in connection with the matters to which the investigation relates or for the recovery of property of that person, the Commission may cause proceedings to be brought accordingly in the name of that person.
(9A) A copy of a report of an inspector under this Division purporting to be certified as such a report by the Commission is admissible in civil proceedings as evidence of any facts or matters stated in the report to have been found to exist by the inspector.
(9B) A copy of a report of the Commission under this Division purporting to be certified as such a report by the Commission is admissible in civil proceedings as evidence of any facts or matters stated in the report to have been found to exist by the Commission.