(1) Subject to this section, ASIC may, in writing, revoke a product intervention order.
Requirements for revocation of product intervention orders
(2) If a declaration under section 1023H is in force in relation to a product intervention order, ASIC must not revoke the order without the Minister's approval, given after considering a report from ASIC on whether the order should be revoked.
(3) ASIC may, at any time before the order ceases to be in force, give the Minister a report on whether the order should be revoked.
Revocation of orders that are legislative instruments
(4) A revocation of a product intervention order that is a legislative instrument must be by legislative instrument.