Corporations Act 2001
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) [ Assistance]
The responsible entity and its officers must take all reasonable steps to assist ASIC in carrying out a check under subsection (1).601FF(3) [ Failure to comply]
A person must not intentionally or recklessly fail to comply with subsection (2).
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