(1) The investigator,
by force of this section, has and may exercise the same powers as those
conferred on the Australian Securities and Investments Commission by
Part 3 Division 2 of the Australian Securities and Investments
Commission Act 2001 of the Commonwealth.
(2) Part 3
Division 2 of the Australian Securities and Investments Commission
Act 2001 of the Commonwealth applies to the exercise of those powers with
the following modifications (and any other necessary
modifications) —
(a) a
reference to the Australian Securities and Investments Commission (however
expressed) is taken to be a reference to the Board, the Complaints Committee
or the investigator;
(b) a
reference to a matter that is being or is to be investigated under Part 3
Division 1 of that Act is taken to be a reference to a matter that is
being or is to be investigated, examined or audited by the investigator;
(c) a
reference in section 19 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 a prescribed form is taken to be a reference to an approved form;
(e) any
modifications prescribed by the regulations.
(3)
Sections 22(2) and (3), 25(2) and (2A), 26 and 27 of the
Australian Securities and Investments Commission Act 2001 of the
Commonwealth do not apply in respect of the exercise of the powers conferred
by this section.