Document ID: chunk:federal_register_of_legislation:C2025C00165:section:14a:p2
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 14A (pt 2/2)
Character Range: 147505–149570

to incriminate the individual or make the individual so liable;
the information given in compliance with the requirement is not admissible in evidence against the individual in a criminal proceeding or a proceeding for the imposition of a penalty, other than a proceeding in respect of the falsity of the information.
 (4A) Subsections (3) and (4) apply to the production of books, accounts or documents in a corresponding way to the way in which they apply to the giving of information.

Banking Act statutory manager's power to sell whole or part of body corporate's business
 (5) A Banking Act statutory manager may sell or otherwise dispose of the whole or any part of the body corporate's business. The sale or disposal may occur on any terms and conditions that the Banking Act statutory manager considers appropriate.

Banking Act statutory manager to alter body corporate's constitution etc.
 (5A) A Banking Act statutory manager may, if the body corporate concerned is registered under the Corporations Act 2001, alter the body corporate's constitution, rules or other arrangements for governance if the alteration:
 (a) is necessary or convenient for enabling or facilitating the performance of the Banking Act statutory manager's functions and duties, or the exercise of the Banking Act statutory manager's other powers, under this Division in relation to the body corporate; and
 (b) promotes:
 (i) the protection of depositors of the relevant ADI mentioned in subsection 13A(1B); and
 (ii) financial system stability in Australia.
 (5B) A Banking Act statutory manager may do an act under subsection (5) or (5A) despite:
 (a) the Corporations Act 2001 (without limiting the scope of section 70B of this Act); and
 (b) the body corporate's constitution; and
 (c) any contract or arrangement to which the body corporate is party; and
 (d) any listing rules of a financial market in whose official list the body corporate is included.

Interpretation
 (6) In this section:
officer, in relation to a body corporate, has the same meaning as in section 11CG.