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Australian Securities and Investments Commission Bill 2001

Part 6 ASIC’s staff

   

120   Staff

             (1)  Subject to this Part, ASIC’s staff must be persons engaged under the Public Service Act 1999 .

             (2)  For the purposes of the Public Service Act 1999 :

                     (a)  ASIC and the APS employees assisting ASIC together constitute a Statutory Agency; and

                     (b)  the Chairperson of ASIC is the Head of that Statutory Agency.

             (3)  In addition to the staff referred to in subsection (1), the Chairperson may, on the Commonwealth’s behalf, employ under written agreements such persons as the Chairperson thinks necessary for the performance or exercise of any of its functions and powers.

             (4)  The terms and conditions of employment of persons employed under subsection (3) are such as the Chairperson determines from time to time with the Minister’s written approval.

121   Consultants etc.

             (1)  The Chairperson may, on the Commonwealth’s behalf, engage, under written agreements, as consultants to, or to perform services for, ASIC in connection with the performance or exercise of any of its functions or powers, persons having suitable qualifications and experience.

             (2)  The terms and conditions of engagement of persons engaged under subsection (1) are such as the Chairperson determines from time to time.

122   Staff seconded to ASIC

                   In addition to the other staff members:

                     (a)  officers and employees of Agencies (within the meaning of the Public Service Act 1999 ), and of authorities of the Commonwealth, whose services are made available to ASIC in connection with the performance or exercise of any of its functions or powers; and

                     (b)  persons whose services are so made available under arrangements made under section 249;

are to assist ASIC.