Trade Practices Amendment (Australian Consumer Law) Act (No. 1) 2010 (44 of 2010)

Schedule 3   Amendment of corporations legislation

Part 9   Miscellaneous

Australian Securities and Investments Commission Act 2001

57   After subsection 102(2B)

Insert:

(2C) ASIC must not delegate a function or power under section 12GLC, or under Subdivision GB or GC of Division 2 of Part 2, to a person other than:

(a) a member of ASIC; or

(b) a member of staff who is an SES employee or an acting SES employee.