Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where a direction under section 97 is in force, this section has effect for the purposes of the performance or exercise by the Division, in accordance with the direction, of functions or powers of ASIC.
(2) ASIC is taken to consist of the Division.
(3) If the Chairperson is not a member of the Division, the member whom the direction specifies as the Division's chairperson is taken to be the Chairperson.
(4) A meeting of the Division is taken to be a meeting of ASIC, but 2 members of the Division form a quorum at a meeting of the Division.