Part IIIC of the Act of 1942 is amended by the insertion of the following Chapter after section 33BF:

"Chapter 4 Supplementary

33BG. Documents privileged for purposes of law of defamation

For the purposes of the law of defamation, the following proceedings, reports and communications shall be absolutely privileged:

(a) proceedings of an investigation referred to in section 33ANJ(1), or an inquiry under this Part, including any statement or submission made by or on behalf of any person in the proceedings;

(b) communications of an authorised officer or an inquiry member, within the meaning of Chapter 3, in relation to proceedings referred to in paragraph (a);

(c) an investigation report, whether in draft or final form, prepared under section 33ANK.

33BH. Service of documents

Section 61G, and any provision of the regulations made in accordance with subsection (3) of that section, apply for the purposes of this Part, unless otherwise provided, as if references to the Bank included references to an authorised officer.".