Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.2A - SUPERVISION OF FINANCIAL MARKETS  

SECTION 798JC   MATTERS RELATING TO ASIC DIRECTIONS - CRISIS RESOLUTION  

Variation or revocation

798JC(1)    
If the Reserve Bank, under subsection 849AB(1) , requests ASIC to vary a direction given to an entity under subsection 798JB(1) , ASIC may vary the direction by giving written notice to the entity.

798JC(2)    
ASIC may revoke a direction given to an entity under subsection 798JB(1) by giving written notice to the entity.

Directions are not legislative instruments

798JC(3)    
A direction given under subsection 798JB(1) , a variation under subsection (1) of this section, or a revocation under subsection (2) of this section is not a legislative instrument.