Queensland Numbered Acts Queensland Numbered Acts(1) An ILP investigator has and may exercise the same powers as those conferred on the Australian Securities and Investments Commission by the Australian Securities and Investments Commission Act 2001 (Cwlth), part 3, division 2.89
(2) The Australian Securities and Investments Commission Act 2001 (Cwlth), part 3, division 2, applies to and in relation to the exercise of those powers with the necessary changes, including the following changes--
(a) a reference to the Australian Securities and Investments Commission, however expressed, is taken to be a reference to an ILP investigator;
(b) a reference to a matter that is being or is to be investigated under part 3, division 1,90 of that Act is taken to be a reference to a matter that is being or is to be investigated by an ILP investigator;
(c) a reference in section 1991 of that Act to a person is taken to be a reference to an Australian legal practitioner or an incorporated legal practice;
(d) a reference to an inspector is taken to be a reference to an ILP investigator;
(e) a reference to a prescribed form is taken to be a reference to an approved form that is approved by the commissioner.
(3) The Australian Securities and Investments Commission Act 2001 (Cwlth), sections 22(2) and (3), 25(2) and (2A), 26 and 2792 do not apply in relation to the exercise of the powers conferred on an ILP investigator under this section.