Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 (108 of 2009)
Schedule 2 Trustee companies
Australian Securities and Investments Commission Act 2001
3J After subsection 73(1)
Insert:
(1A) If paragraph 71(c) applies, ASIC may make one or more of the following:
(a) an order restraining a specified person from disposing of any interest in specified trust property;
(b) an order restraining a specified person from acquiring any interest in specified trust property;
(c) an order directing a body corporate not to pay, except in the course of winding up, a sum due from the body corporate in respect of specified trust property;
(d) an order directing a body corporate not to register the transfer or transmission of specified trust property.
Note: The heading to section 73 is altered by inserting and trust property after financial products .