Document ID: chunk:federal_register_of_legislation:C2025C00182:section:156
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 156
Character Range: 497814–499506

156  Decisions without meetings
 (1) A Financial Services and Credit Panel is taken to have made a decision at a meeting if:
 (a) the Chair of the panel informs the other members of the panel of the proposed decision, or makes reasonable efforts to do so; and
 (b) without meeting, a majority of the members of the panel entitled to vote on the proposed decision indicate agreement with the decision; and
 (c) that agreement is indicated in accordance with the method determined by the panel under subsection (2).
 (2) Subsection (1) applies only if:
 (a) the Chair of the panel is not prevented by subsection 148(3) from convening a meeting in relation to the proposed decision; and
 (b) the panel:
 (i) has determined that it may make decisions of that kind without meeting; and
 (ii) has determined the method by which members of the panel are to indicate agreement with proposed decisions.
 (3) For the purposes of paragraph (1)(b):
 (a) a member of the panel (other than the Chair of the panel) is not entitled to vote on a proposed decision if the member would not have been entitled to vote on that proposal if the matter had been considered at a meeting of the panel; and
 (b) if:
 (i) the number of members indicating agreement with the decision is equal to the number of members not indicating agreement with the decision; and
 (ii) the Chair of the panel indicates the Chair's agreement with the decision;
  a majority of the members of the panel entitled to vote on the proposed decision is taken to have indicated agreement with the decision.
 (4) The panel must keep a record of decisions made in accordance with this section.

Division 4—Panel hearings

Subdivision A—General