Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 - SECT 1023J

Amendment of product intervention orders

             (1)  Subject to this section, ASIC may, in writing, amend a product intervention order that is in force.

Requirements before amending product intervention orders

             (2)  If a declaration under section 1023H is in force in relation to a product intervention order, ASIC must not amend the order without the Minister's approval, given after considering a report from ASIC on whether the amendment should be made.

             (3)  ASIC may, at any time before the order ceases to be in force, give the Minister a report on whether the amendment should be made.

Amendments of product intervention orders

             (4)  An amendment of a product intervention order must not be such that the order remains in force for a period longer than the maximum period determined for the order in accordance with subsection 1023G(2) or 1023H(1).

             (5)  An amendment of a product intervention order comes into force:

                     (a)  for an amendment of an order that is a legislative instrument--on the day after the amendment is registered under the Legislation Act 2003 ; or

                     (b)  otherwise--on the day after the day on which the notice under subsection 1023L(6) in relation to the amendment is published;

or a later day specified in the amendment.

Amendments of orders that are legislative instruments

             (6)  An amendment of a product intervention order that is a legislative instrument must be by legislative instrument.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback