Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 171B

  (1)   ASIC may, at the request of the Chair of a Financial Services and Credit Panel, refer to the Court for decision a question of law arising at a hearing of the panel.

  (2)   Where a question is referred under subsection   (1), the panel must not, in relation to a matter to which the hearing relates:

  (a)   make, while the reference is pending, a decision to which the question is relevant; or

  (b)   proceed in a manner, or make a decision, that is inconsistent with the Court's opinion on the question.

  (3)   Where a question is referred under subsection   (1):

  (a)   ASIC must send to the Court all documents that were before the panel in connection with the hearing; and

  (b)   at the end of the proceeding in the Court in relation to the reference, the Court must cause the documents to be returned to ASIC.