Document ID: chunk:federal_register_of_legislation:C2025C00182:section:11:p3
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 11 (pt 3/3)
Character Range: 45944–46631

under a duty to perform a function referred to in subsection (14) or to exercise a power in relation to such a function.
 (16A) ASIC has the functions and powers of a home regulator or a host regulator for a passport fund under the Memorandum of Cooperation. However, ASIC is not under a duty to perform such functions or exercise such powers.
 (17) ASIC is not subject to any directions of the Minister in relation to:
 (a) entering into an agreement or arrangement under subsection (8) or (10); or
 (b) performing functions or exercising powers referred to in subsection (9); or
 (c) performing functions conferred under subsection (9A), (14) or (16A) or exercising any related powers.