Document ID: chunk:federal_register_of_legislation:C2025C00182:section:40
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 40
Character Range: 345666–346772

40  When certain powers may be exercised
  A power conferred by section 41 or 42 may only be exercised:
 (a) for the purposes of the performance or exercise of any of ASIC's functions and powers under the corporations legislation (other than the excluded provisions); or
 (b) for the purposes of ensuring compliance with the corporations legislation (other than the excluded provisions); or
 (c) in relation to:
 (i) an alleged or suspected contravention of the corporations legislation (other than the excluded provisions); or
 (ii) an alleged or suspected contravention of a law of the Commonwealth, or of a State or Territory in 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 or financial products; or
 (iii) an alleged or suspected contravention, by a trustee company, of a law of the Commonwealth, or of a State or Territory, being a contravention that involves fraud or dishonesty and that relates to trust property; or
 (d) for the purposes of an investigation under Division 1.