(1) ASIC may intervene in any proceeding relating to a matter arising under:
(a) this Act; or
(b) Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 .
(2) If ASIC intervenes in a proceeding under subsection (1):
(a) ASIC is taken to be a party to the proceeding; and
(b) ASIC has all the rights, duties and liabilities of such a party (subject to this Act or Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 , as the case requires).
(3) Without limiting subsection (2), ASIC may appear and be represented in a proceeding in which it intervenes under subsection (1):
(a) by a staff member of ASIC; or
(b) by a natural person or body to whom ASIC has delegated its functions and powers under this Act; or
(c) by a solicitor or by counsel.