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CORPORATIONS ACT 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.2 - THE RESPONSIBLE ENTITY  

Division 1 - Responsibilities and powers  

SECTION 601FF  SURVEILLANCE CHECKS BY ASIC  

601FF(1)  [ASIC checks]  


ASIC may, from time to time, check whether the responsible entity of a registered scheme is complying with the scheme's constitution and compliance plan and with this Act.

Note: For this purpose ASIC may exercise the powers set out in Division 3 of Part 3 of the ASIC Act.

601FF(2)  [Assistance]  


The responsible entity and its officers must take all reasonable steps to assist ASIC in carrying out a check under subsection (1).

601FF(3)  [Failure to comply]  

 View history reference

A person must not intentionally or recklessly fail to comply with subsection (2).


 



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