Standing Acting Arrangements for President of the Takeovers Panel Appointment 2019
I, Josh Frydenberg, Treasurer, make this instrument under subsection 182(1) of the Australian Securities and Investments Commission Act 2001:
(1) I revoke all previous appointments made under subsection 182(1) of the Australian Securities and Investments Commission Act 2001.
(2) I appoint to act as President of the Takeovers Panel, during any period when there is a vacancy in the office of President or the President is absent from office, the person determined in accordance with paragraphs (3), (4) and (5).
(3) For the purposes of this instrument, the senior available appointee at a particular time is the person who, at that time, is a member of the Takeovers Panel, is not absent from office and is highest in the following list.
Richard Hunt
Michelle Jablko
Ron Malek
Yasmin Allen
Tracey Horton AO
Diana Nicholson
(4) The senior available appointee at the start of a period when there is a vacancy in the office of the President or the President is absent from office is to act as President during that period.
(5) However, if a person who is acting as President during a period (under paragraph (4) or a previous application of this paragraph) ceases at a particular time to be the senior available appointee, the senior available appointee at that time is to act as President during the remainder of that period.
(6) This instrument commences on the day it is registered on the Federal Register of Legislation.
Dated: 28 February 2019
Josh Frydenberg
Treasurer