Commonwealth Consolidated Acts Commonwealth Consolidated ActsA power conferred by this Part (other than sections 264, and 265) may only be exercised:
(a) for the purposes of the performance or exercise of any of ASIC's functions and powers under the Commonwealth credit legislation; or
(b) for the purposes of ensuring compliance with the Commonwealth credit legislation; or
(c) in relation to an alleged or suspected contravention of the credit legislation; or
(d) in relation to an alleged or suspected contravention of a law of the Commonwealth, or of a law of a referring State or a Territory, being a contravention that:
(i) concerns the management, conduct or affairs of a licensee, credit representative or other person who engages, or has engaged, in a credit activity; or
(ii) involves fraud or dishonesty and relates to a credit activity engaged in by a person, or a credit contract, mortgage, guarantee or consumer lease; or
(e) for the purposes of an investigation under Part 6 - 1.