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CORPORATIONS ACT 2001 - SECT 250PAA

Exemptions by ASIC--class orders relating to externally-administered companies

             (1)  ASIC may, by legislative instrument, make an order exempting any of the following from section 250N:

                     (a)  a specified class of companies that are being wound up;

                     (b)  a specified class of companies under administration;

                     (c)  a specified class of companies subject to deeds of company arrangement.

             (2)  The order may be:

                     (a)  unconditional; or

                     (b)  subject to one or more specified conditions.

             (3)  ASIC must cause a copy of the order to be published in the Gazette .



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