Document ID: chunk:federal_register_of_legislation:C2024C00826:section:263
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 263
Character Range: 588060–589044

263  When certain powers may be exercised
  A power conferred by this Part (other than sections 264, and 265) may only be exercised:
 (a) for the purposes of the performance or exercise of any of ASIC's functions and powers under the Commonwealth credit legislation; or
 (b) for the purposes of ensuring compliance with the Commonwealth credit legislation; or
 (c) in relation to an alleged or suspected contravention of the credit legislation; or
 (d) in relation to an alleged or suspected contravention of a law of the Commonwealth, or of a law of a referring State or a Territory, being a contravention that:
 (i) concerns the management, conduct or affairs of a licensee, credit representative or other person who engages, or has engaged, in a credit activity; or
 (ii) involves fraud or dishonesty and relates to a credit activity engaged in by a person, or a credit contract, mortgage, guarantee or consumer lease; or
 (e) for the purposes of an investigation under Part 6‑1.