Corporations Act 2001
Modifying legislative instruments: The application of Ch 5C is affected by the following legislative instruments that commenced on or after 1 January 2022: ASIC Corporations (Asset Holding Standards for Responsible Entities) Instrument 2024/16.
Modifying legislative instruments: The application of Pt 5C.2 is affected by the following legislative instruments that commenced on or after 1 January 2022: ASIC Corporations (Asset Holding Standards for Responsible Entities) Instrument 2024/16.
CCH Note: Division 1 is modified by the ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693; and the ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681.
CCH Note: Section 601FF is modified by the ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693; and the ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681.
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)
The responsible entity and its officers must take all reasonable steps to assist ASIC in carrying out a check under subsection (1) .
601FF(3)
A person must not intentionally or recklessly fail to comply with subsection (2) .
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