Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (135 of 2020)

Schedule 12   Statutory obligation to cooperate and formalising ASIC meeting procedures

Part 2   Financial regulator information

Australian Securities and Investments Commission Act 2001

14   Section 103

Repeal the section, substitute:

103 Times and places of meetings

(1) ASIC must hold the meetings that are necessary for the efficient performance and exercise of its functions and powers.

(2) Meetings are to be held at the times and places that the Chairperson determines.

(3) The Chairperson must convene a meeting if requested in writing by 2 or more members.