Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may direct in writing that a Division of ASIC consisting of at least 2 specified members is to, either generally or as otherwise provided by the direction, perform or exercise specified functions or powers of ASIC.
(2) A direction under this section that is in force and does not specify the Chairperson as a member of the Division must specify such a member as the Division's chairperson.