CORPORATIONS ACT 2001 - SECT 601EE Unregistered schemes may be wound up

CORPORATIONS ACT 2001 - SECT 601EE

  (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.