(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 .