Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 6 Minor and technical amendments
Part 1 Amendments commencing day after Royal Assent
Division 2 Measures relating to the Companies Auditors Disciplinary Board
Australian Securities and Investments Commission Act 2001
5 Subsection 216(7)
Repeal the subsection, substitute:
(7) A person contravenes this subsection if:
(a) the person is present at a hearing of a Panel of the Disciplinary Board; and
(b) the person is present while the hearing is taking place in private; and
(c) a direction of the Panel under this section does not specify that the person may be present while the hearing is taking place in private; and
(d) the person is not:
(i) the Panel Chairperson; or
(ii) a member of the Panel; or
(iii) any other member of the Disciplinary Board approved by the Panel to be present while the hearing is taking place in private; or
(iv) a member of the staff of the Disciplinary Board approved by the Panel to be present while the hearing is taking place in private; or
(v) a person referred to in subsection (6).
Note: This subsection can apply while only a part of the hearing is taking place in private (see paragraph (5)(a)).
Penalty: 30 penalty units.