Commonwealth Consolidated Regulations

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION REGULATIONS 2001 - SCHEDULE 2

Witnesses fees and allowances for expenses

(regulations   8, 12, 12P and 43)

 

  1.   A person summoned to appear as a witness, because of his or her professional, scientific or other special skill or knowledge, before the Commission, the Takeovers Panel, the Board or a Financial Services and Credit Panel must be paid:

  (a)   if the person is remunerated in his or her occupation by wages, salary or fees--an amount equal to the amount of wages, salary or fees not paid to the person because of his or her attendance for that purpose; and

  (b)   in any other case--an amount of not less than $81, or more than $407, for each day on which he or she so attends.

  2.   A person summoned to appear as a witness, other than a witness referred to in item   1, before the Commission, the Takeovers Panel, the Board or a Financial Services and Credit Panel must be paid:

  (a)   if the person is remunerated in his or her occupation by wages, salary or fees--an amount equal to the amount of wages, salary or fees not paid to the person because of his or her attendance for that purpose; and

  (b)   in any other case--an amount of not less than $46, or more than $76, for each day on which he or she so attends.

  3.   A person summoned to appear as a witness before the Commission, the Takeovers Panel, the Board or a Financial Services and Credit Panel must be paid a reasonable amount for allowances for:

  (a)   transport between the usual place of residence of the person and the place that he or she attends for that purpose; and

  (b)   if he or she is required to be absent overnight from his or her usual place of residence--meals and accommodation during the absence.


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