Retirement Savings Accounts Act 1997

PART 6 - RECORDS, AUDITS AND AUDITORS  

SECTION 67AA   PRIVILEGE AGAINST EXPOSURE TO PENALTY - DISQUALIFICATION UNDER SECTION 67  

67AA(1)   Proceedings.  

In the case of any proceeding under, or arising out of, this Act, a person is not entitled to refuse or fail to comply with a requirement:

(a)    to answer a question or give information; or

(b)    to produce books; or

(c)    to do any other act;

on the ground that the answer or information, production of the books, or doing that other act, as the case may be, might tend to make the person liable to a penalty by way of a disqualification under section 67 .

67AA(2)    
Subsection (1) applies whether or not the person is a defendant in, or a party to, the proceeding or any other proceeding.

67AA(3)   Statutory requirements.  

A person is not entitled to refuse or fail to comply with a requirement under this Act:

(a)    to answer a question or give information; or

(b)    to produce books; or

(c)    to do any other act;

on the ground that the answer or information, production of the books, or doing that other act, as the case may be, might tend to make the person liable to a penalty by way of a disqualification under section 67 .

67AA(4)   Admissibility.  

Subsections 66B(2) , 117(3) and 120(2) do not apply to a proceeding for the imposition of a penalty by way of a disqualification under section 67 .

67AA(5)   Other provisions.  

Subsections (1) and (3) of this section have effect despite anything in:

(a)    any other provision of this Act; or

(b)    the Administrative Appeals Tribunal Act 1975 .

67AA(6)   Definition.  

In this section:

penalty
includes forfeiture.