Document ID: chunk:federal_register_of_legislation:C2025C00182:section:116
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 116
Character Range: 454986–456255

116  Acting members
 (1) The Minister may:
 (a) appoint a person to act as a full‑time member during any period when there are less than 8 persons who are members or are acting as members in accordance with this paragraph or paragraph (b); or
 (b) appoint a person to act as a part‑time member during any period when there are less than 8 persons who are members or are acting as members in accordance with this paragraph or paragraph (a) and there are at least 3 persons who are full‑time members or are acting as members in accordance with paragraph (a); or
 (c) appoint a person to act as a full‑time member or as a part‑time member during any period when a full‑time member (other than the Chairperson or a Deputy Chairperson) or a part‑time member, as the case may be, is absent from office, is acting as a Deputy Chairperson in accordance with section 118 or, in the case of a part‑time member, is, for any reason, unable to perform the functions of his or her office.
 (2) Except so far as the contrary intention appears, a reference in this Act to a member of ASIC includes a reference to a person who is acting as a member under subsection (1).
Note: For rules that apply to acting appointments, see sections 33AB and 33A of the Acts Interpretation Act 1901.