Corporations Act 2001

CHAPTER 9 - MISCELLANEOUS  

PART 9.6 - PROCEEDINGS  

SECTION 1330   ASIC'S POWER TO INTERVENE IN PROCEEDINGS  

1330(1)   [ ASIC may intervene]  

ASIC may intervene in any proceeding relating to a matter arising under this Act.

1330(2)   [ ASIC deemed to be party]  

Where ASIC intervenes in a proceeding referred to in subsection (1), ASIC is taken to be a party to the proceeding and, subject to this Act, has all the rights, duties and liabilities of such a party.

1330(3)   [ Who may represent ASIC]  

Without limiting the generality of subsection (2), ASIC may appear and be represented in any proceeding in which it wishes to intervene pursuant to subsection (1):

(a) by a staff member of ASIC; or

(b) by a natural person to whom, or by an officer or employee of a person or body to whom or to which, ASIC has delegated its functions and powers under this Act or such of those functions and powers as relate to a matter to which the proceeding relates; or

(c) by solicitor or counsel.