QUESTION 16

1. Which statement is correct in relation to the investigation powers of the Australian Securities and Investments Commission (ASIC)?

   	a.	If legal professional privilege is claimed, ASIC is mandated to accept the claim of privilege and cannot make further inquiries to ascertain whether the claim of privilege is legitimate.
   	b.	Statements that are self-incriminating are admissible in all forms of action ASIC might take against the witness being examined, e.g both criminal and civil matters.
   	c.	The right to refuse to answer a question in order to prevent self-incrimination is not available for those under examination by ASIC.
   	d.	All answers are correct.