Document ID: chunk:federal_register_of_legislation:C2022C00218:clause:1_139
Version: federal_register_of_legislation:C2022C00218
Segment Type: clause
Provision Reference: sch 1 cl 139
Character Range: 7557–8118

139  ASIC to convene panels
 (1) ASIC may, in writing, convene one or more Financial Services and Credit Panels.
 (2) ASIC must, in circumstances prescribed by the regulations (if any), convene a panel under subsection (1) to perform functions or exercise powers under the corporations legislation in relation to a relevant provider.
 (3) A panel convened under subsection (1) must consist of the following members appointed under subsection 140(1):
 (a) a Chair;
 (b) at least 2 other members.
 (4) The Chair must be a staff member.

Division 2—Panel members