724   Professional privilege or duty of confidence does not affect validity of or compliance with certain requirements

(1)  This section applies to a requirement under:

(a)  section 263 (Reporting certain irregularities and suspected irregularities) to give written notice of an irregularity in connection with a trust account, a trust ledger account or trust money, or

(b)  section 638 (Power of receiver to require documents or information) to give access to documents or information, or

(c)  a provision of Chapter 6 (Provisions relating to investigations) to produce documents, provide information or otherwise assist in, or co-operate with, an investigation.

(2)  The validity of the requirement is not affected, and a person is not excused from complying with the requirement, on the ground of:

(a)  legal professional privilege, or

(b)  privilege against self-incrimination, or

(c)  any other duty of confidence.

(3)  If, before complying with the requirement, the person objects to the body or person to whom the notice, document or information is required to be given on the ground that giving it may tend to incriminate the person, the notice, document or information is inadmissible in evidence in any proceeding against the person for an offence, other than:

(a)  an offence against this Act, or

(b)  any other offence relating to the keeping of trust accounts or the receipt of trust money, or

(c)  an offence relating to the falsity of the answer, or

(d)  proceedings taken by the receiver for the recovery of regulated property (as defined in Chapter 5).