Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 120

             (1)  Subject to this Part, ASIC's staff must be persons engaged under the Public Service Act 1999 .

             (2)  For the purposes of the Public Service Act 1999 :

                     (a)  ASIC and the APS employees assisting ASIC together constitute a Statutory Agency; and

                     (b)  the Chairperson of ASIC is the Head of that Statutory Agency.

             (3)  In addition to the staff referred to in subsection (1), the Chairperson may, on the Commonwealth's behalf, employ under written agreements such persons as the Chairperson thinks necessary for the performance or exercise of any of its functions and powers.

             (4)  The terms and conditions of employment of persons employed under subsection (3) are such as the Chairperson determines from time to time with the Minister's written approval.