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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 75

Orders under this Division

  (1)   ASIC may make an order varying or revoking an order in force under this Division.

  (2)   An order under this Division must be made by notice published in the Gazette .

  (3)   Where an order is made under this Division (other than subsection   (1)), ASIC must cause to be given to the person to whom the order is directed:

  (a)   a copy of the order; and

  (b)   a copy of each order varying or revoking it.

  (4)   Where an order under this Division relates to financial products, ASIC must cause:

  (a)   a copy of the order; and

  (b)   a copy of each order varying or revoking it;

to be given to:

  (c)   in any case--the person who issued or made available, or who will issue or make available, the financial products; or

  (d)   if the financial products are rights or options--the person against whom the right or option is, or would be enforceable.

  (5)   A person must comply with an order in force under this Division.

Penalty:   60 penalty units.


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