Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 341

ASIC's power to make class orders

(1) ASIC may make an order in writing in respect of a specified class of companies, registered schemes or disclosing entities, relieving any of the following from all or specified requirements of Parts 2M.2, 2M.3 and 2M.4:

(a)
directors;

(b)
the companies, registered schemes or disclosing entities themselves;

(c)
auditors of the companies, registered schemes or disclosing entities.

Note: For the criteria for making orders under this section, see section 342.

(2) The order may:

(a)
be expressed to be subject to conditions; and

(b)
be indefinite or limited to a specified period.

(3) Notice of the making, revocation or suspension of the order must be published in the Gazette .



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