Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 176

  (1)   Subject to this Act, a person appointed as President holds office as such until:

  (a)   the end of his or her current term as a member; or

  (b)   he or she otherwise stops being a member;

whichever happens first.

  (2)   A person is not ineligible to be appointed under section   173 merely because he or she has been so appointed before.