Section 283GB — Corporations Act 2001 (Cth)

ASIC may approve body corporate to be trustee

(1) ASIC may approve a body corporate in writing to be a trustee for the purposes of paragraph 283AC(1)(f). The approval may allow the body corporate to act as trustee:

(a) in any circumstances; or

(b) in relation to a particular borrower or particular class of borrower; or

(c) in relation to a particular trust deed;

and may be given subject to conditions.

(2) ASIC must publish notice of the approval in the Gazette.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 283EC — Court may order meeting
s 283F — Civil liability for contravening this Chapter
s 283GA — ASIC’s power to exempt and modify
s 283HA — General Court power to give directions and determine questions
s 283HB — Specific Court powers
s 283I — Signpost to other debenture provisions

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