Financial Intermediaries Act 1996

If a society’s affairs are being investigated, an officer of the society must not—

fail to comply with a requirement of an investigator under section 192 to the extent to which the officer is able to comply with it, unless the officer has a reasonable excuse; or

in purported compliance with a requirement, knowingly give information that is false or misleading in a material particular; or

when appearing before an investigator for examination under a requirement—

state anything the officer knows is false or misleading in a material particular; or

fail to be sworn or make an affirmation.

A legal practitioner acting for the officer—

may attend the examination; and

may examine the officer about matters in relation to which the investigator has questioned the officer; and

to the extent the investigator permits—may address the investigator about matters in relation to which the investigator has questioned the officer.

A person who complies with the requirement of an investigator under this section does not incur liability to another person merely because of the compliance.

A person required to attend for examination under this part is entitled to the allowances and expenses prescribed under a regulation.

It is a reasonable excuse for an officer to fail to comply with a requirement of an investigator under section 192 if complying with the requirement might tend to incriminate the officer.