601HD
In forceASIC may require further information about compliance plan
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5CManaged investment schemes
Part 5C.4The compliance plan
601HD ASIC may require further information about compliance plan
(1)
ASIC may direct the responsible entity of a registered scheme to give it information about the arrangements contained in the compliance plan. The direction is to be given by notice in writing to the responsible entity.
(2)
An offence based on subsection (1) is an offence of strict liability.
Note:
For strict liability, see section 6.1 of the Criminal Code.
This Act’s bill:Explanatory memorandumSecond reading speech
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