Commonwealth Numbered Acts

AUSTRALIAN SECURITIES COMMISSION ACT 1989 No. 90 of 1989 - SECT 109

109. (1) Subject to this Act, a member appointed as Chairperson or Deputy
Chairperson holds office as such until:

   (a)  in any case - the end of his or her current term as a member;

   (b)  in any case - he or she otherwise stops being a member; or

   (c)  in the case of a member appointed as Deputy Chairperson - he or
she is appointed as Chairperson; whichever happens first.

(2) A person is not ineligible to be appointed undre section 10 merely because
he or she has been so appointed before.