Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Chair of a Financial Services and Credit Panel must hold such meetings as are necessary for the panel to:
(a) perform its functions and exercise its powers under the corporations legislation; and
(b) perform functions or exercise powers delegated to the panel by ASIC under section 102 of this Act.
(2) The Chair of a Financial Services and Credit Panel may convene a meeting at any time.
(3) However, the Chair of a Financial Services and Credit Panel must not convene a meeting if the Chair has or acquires any interest, pecuniary or otherwise, that conflicts or could conflict with the proper performance of the Chair's duties in a matter being considered or about to be considered by the panel.
(4) The Chair of a Financial Services and Credit Panel must, by written notice given to ASIC, disclose any interest of a kind mentioned in subsection (3).