Section 601FF — Corporations Act 2001 (Cth)

Surveillance checks by ASIC

(1) ASIC may, from time to time, check whether the responsible entity of a registered scheme is complying with the scheme’s constitution and compliance plan and with this Act.

Note: For this purpose ASIC may exercise the powers set out in Division 3 of Part 3 of the ASIC Act.

(2) The responsible entity and its officers must take all reasonable steps to assist ASIC in carrying out a check under subsection (1).

(3) A person must not intentionally or recklessly fail to comply with subsection (2).

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 601FC — Duties of responsible entity
s 601FD — Duties of officers of responsible entity
s 601FE — Duties of employees of responsible entity
s 601FG — Acquisition of interest in scheme by responsible entity
s 601FH — Liquidator etc. of responsible entity entitled to exercise indemnity rights
s 601FJ — Changes only take effect when ASIC alters record of registration

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