(1) If an inquiry takes place in public and the Commission is of the opinion that—
 

(a) the evidence or other material presented to the inquiry; or

 

(b) the material in written submissions lodged with the Commission, 

is of a confidential nature, the Commission may direct that—
 

(aa) the evidence or material should not be published; or 

 

(bb) its disclosure be restricted. 
 

(2) A person shall not without reasonable excuse fail to comply with a direction under subsection (1).