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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 159

Proceedings at hearings

  (1)   A hearing of a Financial Services and Credit Panel must be conducted with as little formality and technicality, and with as much expedition, as a proper consideration of the matters before the panel permits.

  (2)   At a hearing of a Financial Services and Credit Panel, the panel:

  (a)   is not bound by the rules of evidence; and

  (b)   may, on such conditions as it thinks fit, permit a person to intervene; and

  (c)   must observe the rules of natural justice.

  (5)   Subdivision A of Division   3 (decisions of panels at meetings) applies, so far as practicable, in relation to a hearing of a Financial Services and Credit Panel as if the hearing were a meeting of the panel.


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