40When certain powers may be exercised

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.