Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 283GB

  (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 .