Australian Securities and Investments Commission Act 1989
14Minister may direct investigations
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14 Minister may direct investigations
(1) Where, in the Minister’s opinion, it is in the public interest in respect of this jurisdiction for a particular matter to which subsection (2) applies to be investigated, he or she may by writing direct the Commission to investigate that matter. (2) This subsection applies to a matter relating to any of the following, whether occurring, or alleged to have occurred, within this jurisdiction or elsewhere: (a) an alleged or suspected contravention of a national scheme law or of a relevant previous law of a jurisdiction; (b) an alleged or suspected contravention of a law of the Commonwealth or of a State or Territory, being a contravention that: (i) concerns the management or affairs of a body corporate; or (ii) involves fraud or dishonesty and relates to a body corporate, securities or futures contracts; (c) the affairs, or particular affairs, of a corporation; (d) dealing in securities; (e) dealing in futures contracts; (f) the establishment or conducting of a stock market or futures market; (g) the provision of clearing house facilities for a futures market; (j) the giving of advice, analyses or reports about securities or futures contracts. (3) The Commission shall comply with a direction under subsection (1). (4) A direction under subsection (1) does not prevent the Commission from delegating a function or power.