Document ID: chunk:federal_register_of_legislation:C2025C00185:section:601ff
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 601FF
Character Range: 2274884–2275422

601FF  Surveillance checks by ASIC
 (1) ASIC may, from time to time, check whether the responsible entity of a registered scheme is complying with the scheme's constitution and compliance plan and with this Act.
Note: For this purpose ASIC may exercise the powers set out in Division 3 of Part 3 of the ASIC Act.
 (2) The responsible entity and its officers must take all reasonable steps to assist ASIC in carrying out a check under subsection (1).
 (3) A person must not intentionally or recklessly fail to comply with subsection (2).