Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 342AC

Exemption orders--criteria for orders for non-auditor members etc.

                   To make an order under section 342AA or 342AB, ASIC must be satisfied that complying with the relevant requirements of Division 3 of Part 2M.4 would:

                     (a)  make the financial report or other reports misleading; or

                     (b)  be inappropriate in the circumstances; or

                     (c)  impose unreasonable burdens.



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