(1) Subject to sections 53 and 54, ASIC may direct that a hearing take place in public or take place in private. (2) In exercising its discretion under subsection (1), ASIC must have regard to:

(a)

whether evidence that may be given, or a matter that may arise, during the hearing is of a confidential nature or relates to the commission, or to the alleged or suspected commission, of an offence; and

(b)

any unfair prejudice to a person's reputation that would be likely to be caused if the hearing took place in public; and

(c)

whether it is in the public interest that the hearing take place in public; and

(d)

any other relevant matter.