A power conferred by this Division (other than sections 29, 35, 36 and
39A) may only be exercised:
- (a)
- for the purposes of the performance or
exercise of any of ASIC's functions and powers under the
corporations legislation; or
- (b)
- for the purposes of ensuring compliance with the corporations legislation;
or
- (c)
- in relation to:
- (i)
- an alleged or suspected contravention of the corporations legislation; or
- (ii)
- an alleged or suspected contravention of a law of the Commonwealth, or of
a State or Territory in this jurisdiction, being a contravention that concerns
the management or affairs of a body corporate, or involves fraud or dishonesty
and relates to a body corporate, securities or futures contracts; or
- (d)
- for the purposes of an investigation under Division 1.