Commonwealth Consolidated Acts

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ASIC's power to intervene in proceedings

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

             (2)  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.

             (3)  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.

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