Section 597(12) of the Corporations Act abrogates the privileges against self-incrimination and exposure to penalty only for the purposes of the examination itself, not in subsequent civil proceedings. Failure to claim s 597(12A) use immunity does not waive common law privilege. However, an examinee who did not claim use immunity cannot successfully invoke the privileges to avoid repeating answers already given in defences or discovery, because there is no increased jeopardy. The privileges remain available for matters going beyond the examination answers. An examinee who did claim use immunity may successfully invoke the privileges in subsequent proceedings because affirming those answers in a civil proceeding would expose them to use in criminal or penalty proceedings from which they were otherwise protected.
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