(1) ASIC may give directions about who may be present during a hearing that is to take place in private. (2) A direction under subsection (1) does not prevent:

(a)

a person whom the corporations legislation (other than the excluded provisions) requires to be given the opportunity to appear at a hearing; or

(b)

a person representing under section 59:

(i)

a person of a kind referred to in paragraph (a) of this subsection; or

(ii)

a person who, by virtue of such a direction, is entitled to be present at a hearing;