CTHRepealedAct
Australian Securities and Investments Commission Act 1989
40When certain powers may be exercised
Start here
Get a plain-English read of 40
Turn the raw legal text into a practical explanation grounded in Australian Securities and Investments Commission Act 1989.
#### 40 When certain powers may be exercised
A power conferred by section 41 or 44 may only be exercised:
(a) for the purposes of the performance or exercise of any of the Commission’s functions and powers under a national scheme law of this jurisdiction; or
(b) for the purposes of ensuring compliance with a national scheme law of this jurisdiction; or
(c) in relation to:
(i) an alleged or suspected contravention of a national scheme law of this jurisdiction; or
(ii) an alleged or suspected contravention of a law of 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, securities or futures contracts; or
(d) for the purposes of an investigation under Division 1.