Document ID: chunk:federal_register_of_legislation:C2025C00135:section:179ad:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 179AD (pt 2/2)
Character Range: 294209–296194

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.
 (6) Subsections (4) and (5) 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.

Life Insurance Act statutory manager's power to sell whole or part of body corporate's business
 (7) A Life Insurance 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 Life Insurance Act statutory manager considers appropriate.

Life Insurance Act statutory manager's powers to alter body corporate's constitution etc.
 (8) A Life Insurance 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 Life Insurance Act statutory manager's functions and duties, or the exercise of the Life Insurance Act statutory manager's other powers, under this Division in relation to the body corporate; and
 (b) promotes:
 (i) the protection of the policy owners of the body corporate; and
 (ii) financial system stability in Australia.
 (9) A Life Insurance Act statutory manager may do an act under subsection (7) or (8) despite:
 (a) the Corporations Act 2001; 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
 (10) In this section:
officer has the meaning given by section 9 of the Corporations Act 2001.