Some may find this link informative (see pages 7 and 8 )
http://www.thomsonslawyers.com.au/awms/Upload/Funds%20Mgmt%20&%20Fin%20Services%20Quarterly%20Alert%20-%20Dec%202012.pdf
''...The exercise of any
power by a responsible entity is, of course, not unfettered:
trustees must always act in good faith and in the interests
of members, for example.
...''
ASIC is appealing the decision, re announcement made 8 Nov 2012.
http://www.nsxa.com.au/ftp/news/021726273.PDF
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