THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

CHAPTER 5C - MANAGED INVESTMENT SCHEMES

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PART 5C.2 - THE RESPONSIBLE ENTITY

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Division 1 - Responsibilities and powers

SECTION 601FF SURVEILLANCE CHECKS BY ASIC

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601FF(1) [ASIC checks]

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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 Law.

Note:

For this purpose ASIC may exercise the powers set out in Division 3 of Part 3 of the Australian Securities and Investments Commission Act 1989.

601FF(2) [Assistance]

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

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