(1) ASIC may, by instrument in writing, exempt a person, as specified in the instrument and subject to such conditions (if any) as are specified in the instrument, from compliance with such of the requirements of section 263, 264 or 268 relating to:
(2) A person who is exempted by ASIC, subject to a condition, from compliance with a requirement of section 263, 264 or 268 must not contravene the condition. (3) Where a person has contravened or failed to comply with a condition to which an exemption under this section is subject, the Court may, on the application of ASIC, order the person to comply with the condition.