ASIC’s power to intervene in proceedings
209 ASIC’s power to intervene in proceedings
ASIC may intervene in any proceedings relating to a matter arising under this Act.
If ASIC intervenes in proceedings referred to in subsection (1), ASIC is taken to be a party to the proceedings and, subject to this Act, has all the rights, duties and liabilities of such a party.
Without limiting subsection (2), ASIC may appear and be represented in any proceedings in which it wishes to intervene pursuant to subsection (1):
by an ASIC staff member; or
by a natural person to whom, or by an officer or employee of a person or body to whom or to which, ASIC has delegated its functions and powers under this Act or such of those functions and powers as relate to a matter to which the proceedings relate; or
by a lawyer.
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