Document ID: chunk:federal_register_of_legislation:C2024C00826:section:275
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 275
Character Range: 614904–615758

275  ASIC may bring civil proceedings
  If, as a result of an investigation or from a record of an examination (being an investigation or examination conducted under this Chapter), it appears to ASIC to be in the public interest for a person to bring and carry on proceedings (other than proceedings under the Commonwealth credit legislation) for:
 (a) the recovery of damages for fraud, negligence, default, breach of duty, or other misconduct, committed in connection with a matter to which the investigation or examination related; or
 (b) recovery of property of the person;
ASIC:
 (c) if the person is a company (within the meaning of the Corporations Act 2001)—may cause; or
 (d) otherwise—may, with the person's written consent, cause;
such proceedings to be begun and carried on in the person's name.

Part 6‑5—Hearings

Division 1—Introduction