ASIC’s power to intervene in proceedings
11F ASIC’s power to intervene in proceedings
ASIC may intervene in any proceeding relating to a matter arising under:
this Act; or
Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003.
If ASIC intervenes in a proceeding under subsection (1):
ASIC is taken to be a party to the proceeding; and
ASIC has all the rights, duties and liabilities of such a party (subject to this Act or Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003, as the case requires).
Without limiting subsection (2), ASIC may appear and be represented in a proceeding in which it intervenes under subsection (1):
by a staff member of ASIC; or
by a natural person or body to whom ASIC has delegated its functions and powers under this Act; or
by a solicitor or by counsel.
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