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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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