AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 208 Acting Chairperson
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 208
Acting Chairperson(1) The Deputy Chairperson is to act as Chairperson:
(a) during a vacancy in the office of Chairperson (whether or not an appointment has previously been made to the office); and
(b) during all periods when the Chairperson is absent from duty or from Australia or is, for any other reason, unable to perform the functions of the office.
This subsection does not, however, operate to substitute the Deputy Chairperson for the Chairperson as a member of a particular Panel of the Disciplinary Board.
(2) The Minister may appoint a person who is eligible for appointment as Chairperson to act as Chairperson:
(a) during a vacancy in the office of Chairperson (whether or not an appointment has previously been made to the office); or
(b) during any period, or during all periods, when the Chairperson is absent from duty or from Australia, or is, for any reason, unable to perform the duties of the office.
(3) A person appointed under subsection (2) may only act as the Chairperson during a period if:
(a) there is a vacancy in the office of Deputy Chairperson during that period; or
(b) the Deputy Chairperson is, for any reason, unable to perform the duties of the office of Chairperson during that period.
Note: For rules that apply to acting appointments, see sections
33AB and 33A of the Acts Interpretation Act 1901 .