Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.6 - EXEMPTIONS AND MODIFICATIONS  

SECTION 341   EXEMPTION ORDERS - CLASS ORDERS FOR COMPANIES, REGISTERED SCHEMES, REGISTRABLE SUPERANNUATION ENTITIES AND DISCLOSING ENTITIES  

341(1)    

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

(a)    directors;

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

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

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

341(2)    
The order may:

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

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

341(3)    
Notice of the making, revocation or suspension of the order must be published in the Gazette .