(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 .