Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 601EE

Unregistered schemes may be wound up

  (1)   If a person operates a managed investment scheme in contravention of subsection   601ED(5), the following may apply to the Court to have the scheme wound up:

  (a)   ASIC;

  (b)   the person operating the scheme;

  (c)   a member of the scheme.

  (2)   The Court may make any orders it considers appropriate for the winding up of the scheme.


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