AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 159 Proceedings at hearings
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 159
Proceedings at hearings(1) A hearing of a Financial Services and Credit Panel must be conducted with as little formality and technicality, and with as much expedition, as a proper consideration of the matters before the panel permits.
(2) At a hearing of a Financial Services and Credit Panel, the panel:
(a) is not bound by the rules of evidence; and
(b) may, on such conditions as it thinks fit, permit a person to intervene; and
(c) must observe the rules of natural justice.
(5) Subdivision A of Division 3 (decisions of panels at
meetings) applies, so far as practicable, in relation to a hearing of a
Financial Services and Credit Panel as if the hearing were a meeting of the
panel.