Document ID: chunk:federal_register_of_legislation:F2022N00134:clause:1_6
Version: federal_register_of_legislation:F2022N00134
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2449–3768

6  Standing acting arrangements for Chairperson of ASIC
 (1) Under section 117 of the Act, during all periods when:
 (a) there is a vacancy in the office of Chairperson; or
 (b) the Chairperson is absent from office;
the person determined in accordance with subsections (2), (3) and (4) is appointed to act as Chairperson.
 (2) For the purposes of this instrument, the senior available appointee at a particular time is the person who, at that time, is a member of ASIC, is not absent from office or from Australia, and is highest in the following list:
 (a) Sarah Court.
 (3) The senior available appointee at the start of a period when there is vacancy in the office of Chairperson or when the Chairperson is absent from office, is to act as Chairperson during that period.
 (4) However, if a person who is acting as Chairperson during a period (under subsection (3) or a previous application of this subsection) ceases at a particular time to be the senior available appointee, the senior available appointee at that time is to act as Chairperson during the remainder of that period.
 (5) Under subsection 33A(1) of the Acts Interpretation Act 1901, each appointment under subsection (1) is determined to be on the same terms and conditions that apply to the Chairperson under sections 112, 114 and 115 of the Act.