Commonwealth Consolidated Acts

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INSURANCE CONTRACTS ACT 1984 - SECT 11F

ASIC's power to intervene in proceedings

  (1)   ASIC may intervene in any proceeding relating to a matter arising under:

  (a)   this Act; or

  (b)   Part   3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 .

  (2)   If ASIC intervenes in a proceeding under subsection   (1):

  (a)   ASIC is taken to be a party to the proceeding; and

  (b)   ASIC has all the rights, duties and liabilities of such a party (subject to this Act or Part   3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 , as the case requires).

  (3)   Without limiting subsection   (2), ASIC may appear and be represented in a proceeding in which it intervenes under subsection   (1):

  (a)   by a staff member of ASIC; or

  (b)   by a natural person or body to whom ASIC has delegated its functions and powers under this Act; or

  (c)   by a solicitor or by counsel.

 



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