The commission met in Melbourne on Monday with Cousins' immediate future part of the agenda.
The Brownlow medallist has already applied to be reinstated as an AFL player, and has said he wants football to continue to play a part in not only his life, but his recovery from substance abuse.
"Football has been a big part of my life, no question, and the exciting thing now is to see what role it will play in the future, potentially handing me a lifeline," he said on Channel 7 on Toyota AFL Grand Final day.
"I've been reluctant to come out and say that's exactly what I want to do, because there is a set of criteria I have to meet from the AFL's end.
"I then have to go about trying to find a club that is willing to take me on as a footballer, but also what comes with it."
The AFL will convene again next month and decide whether Cousins' application can be approved.
"Ben is aware of the process that must be followed through," AFL media relations manager Patrick Keane said on Monday.
"The Commission's next meeting is over November 17 and 18, which is when they'll make the decision, but we don't know yet whether he'll appear at that meeting."
The AFL will not divulge details of the conditions Cousins must adhere to in for reinstatement.
Cousins is yet to name a preferred AFL club should he become eligible to play, although it has been reported Collingwood and St Kilda are frontrunners in attempting to secure the premiership midfielder's services.
The 30-year-old will have to enter the pre-season draft in December if he is to continue his footballing career at the highest level.
