Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 341

(1)

ASIC may make an order in writing in respect of a specified class of companies, registered schemes or disclosing entities, relieving any of the following from all or specified requirements of Parts 2M.2, 2M.3 and 2M.4:

(a)

directors

(b)

the companies, registered schemes or disclosing entities themselves

(c)

auditors of the companies, registered schemes or disclosing entities.

Note: For the criteria for making orders under this section, see section 342.

(2)

The order may:

(a)

be expressed to be subject to conditions; and

(b)

be indefinite or limited to a specified period.

(3)

Notice of the making, revocation or suspension of the order must be published in the Gazette.