Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 250PAA

             (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;

                     (d)  a specified class of companies under restructuring;

                     (e)  a specified class of companies subject to restructuring plans.

             (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 .