AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 28 When certain powers may be exercised

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 28

    A power conferred by this Division (other than sections   29, 30A, 30B and 39A) may only be exercised:

  (a)   for the purposes of the performance or exercise of any of ASIC's functions and powers under the corporations legislation; or

  (b)   for the purposes of ensuring compliance with the corporations legislation; or

  (c)   in relation to:

  (i)   an alleged or suspected contravention of the corporations legislation; or

  (ii)   an alleged or suspected contravention of a law of the Commonwealth, or of a State or Territory in this jurisdiction, being a contravention that concerns the management or affairs of a body corporate, or involves fraud or dishonesty and relates to a body corporate or financial products; or

  (d)   for the purposes of an investigation under Division   1.