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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 151 Quorum

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 151

Quorum

  (1)   At a meeting of a Financial Services and Credit Panel, a quorum is constituted by a majority of members of the panel.

  (2)   However, if:

  (a)   a member of the panel is required under section   150 not to be present during the deliberations, or to take part   in any decision, of the panel with respect to a particular matter; and

  (b)   when the member leaves the meeting concerned there is no longer a quorum present;

the remaining members of the panel at the meeting constitute a quorum for the purpose of any deliberation or decision at that meeting with respect to that matter.