Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) At a hearing:
(a) the proceedings must be conducted with as little formality and technicality, and with as much expedition, as the requirements of the corporations legislation (other than the excluded provisions) and a proper consideration of the matters before the Panel permit; and
(b) the Panel is not bound by the rules of evidence; and
(c) the Panel may, on such conditions as it thinks fit, permit a person to intervene in the proceedings.
(2) The Panel must observe the rules of natural justice at and in connection with a hearing.
(3) At a hearing:
(a) ASIC or APRA may be represented by:
(i) a staff member, or a member or acting member, of ASIC or APRA; or
(ii) a person authorised by ASIC or APRA for the purpose; and
(b) a natural person may appear in person or may be represented by an employee of the person approved by the Panel; and
(c) a body corporate (other than ASIC or APRA) may be represented by an employee, or by a director or other officer, of the body corporate approved by the Panel; and
(d) an unincorporated association of persons or a member of an unincorporated association of persons may be represented by a member, officer or employee of the association approved by the Panel; and
(e) any person may be represented by a barrister or solicitor of the Supreme Court of a State or Territory or of the High Court.
(4) A person who attends at a hearing pursuant to a summons issued under subsection 217(1) is entitled to be paid:
(a) in a case where the summons was issued at another person's request--by that other person; or
(b) in any other case--by the Disciplinary Board;
such allowances and expenses as are provided for by the regulations.
(5) The Panel may permit a person appearing as a witness at a hearing to give evidence by tendering, and, if the Panel thinks fit, verifying by oath or affirmation, a written statement.