THE CORPORATIONS LAW

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 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]  

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