Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 - SECT 277

Power to exempt from compliance with certain requirements of Division

(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:

(a)
the particulars to be contained in a notice under the relevant section; or

(b)
the documents (other than the notice) to be lodged under the relevant section; or

(c)
the verification of any document required to be lodged under the relevant section;

as are specified in the instrument.

(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.



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