Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where, in the Minister's opinion, it is in the public interest in respect of this jurisdiction for a particular matter to which subsection (2) applies to be investigated, he or she may by writing direct ASIC to investigate that matter.
(2) This subsection applies to a matter relating to any of the following:
(a) an alleged or suspected contravention of the corporations legislation (other than the excluded provisions);
(b) an alleged or suspected contravention of a law of the Commonwealth, or of a State or Territory in this jurisdiction, being a contravention that:
(i) concerns the management or affairs of a body corporate; or
(ii) involves fraud or dishonesty and relates to a body corporate or financial products;
(c) the affairs, or particular affairs, of a corporation;
(d) dealing in financial products;
(f) the establishment or conducting of a financial market;
(g) the provision of a clearing and settlement facility;
(ga) the provision of a derivative trade repository;
(j) the giving of advice, analyses or reports about financial products;
(k) the provision of compensation arrangements for a financial market.
(3) ASIC must comply with a direction under subsection (1).
(4) A direction under subsection (1) does not prevent ASIC from delegating a function or power.