THE CORPORATIONS LAW

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

PART 2M.6 - EXEMPTIONS AND MODIFICATIONS

SECTION 341   ASIC'S POWER TO MAKE CLASS ORDERS  

341(1)  (Specified class)  

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.

341(2)  (Order)  

The order may:

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

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

341(3)  (Published in Gazette)  

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