CTHRepealedAct
Australian Securities and Investments Commission Act 1989
98Effect of direction establishing Division
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#### 98 Effect of direction establishing Division
(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 the Commission.
(2) The Commission shall be deemed 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 shall be deemed to be the Chairperson.
(4) A meeting of the Division shall be deemed to be a meeting of the Commission, but 2 members of the Division form a quorum at a meeting of the Division.