THE CORPORATIONS LAW

CHAPTER 5C - MANAGED INVESTMENT SCHEMES

PART 5C.1 - REGISTRATION OF MANAGED INVESTMENT SCHEMES

SECTION 601EE   UNREGISTERED SCHEMES MAY BE WOUND UP  

601EE(1)  [Unregistered schemes]  

If a person operates a managed investment scheme in contravention of subsection 601ED(5), the following may apply to the Court to have the scheme wound up:

(a)  ASIC

(b)  the person operating the scheme

(c)  a member of the scheme.

601EE(2)  [Powers of Court]  

The Court may make any orders it considers appropriate for the winding up of the scheme.