Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 109

  (1)   Subject to this Act, a member appointed as Chairperson, or as a Deputy Chairperson, holds office as such until:

  (a)   in any case--the end of his or her current term as a member; or

  (b)   in any case--he or she otherwise stops being a member; or

  (c)   in the case of a member appointed as a Deputy Chairperson--he or she is appointed as Chairperson;

whichever happens first.

  (2)   A person is not ineligible to be appointed under section   10 merely because he or she has been so appointed before.