National Consumer Credit Protection Act 2009

CHAPTER 6 - COMPLIANCE AND ENFORCEMENT  

PART 6-7A - PRODUCT INTERVENTION ORDERS  

Division 2 - Product intervention orders  

SECTION 301K   REVOCATION OF PRODUCT INTERVENTION ORDERS  

301K(1)    
Subject to this section, ASIC may, in writing, revoke a product intervention order.

Requirements for revocation of product intervention orders

301K(2)    
If a declaration under section 301H is in force in relation to a product intervention order, ASIC must not revoke the order without the Minister ' s approval, given after considering a report from ASIC on whether the order should be revoked.

301K(3)    
ASIC may, at any time before the order ceases to be in force, give the Minister a report on whether the order should be revoked.

Revocation of orders that are legislative instruments

301K(4)    
A revocation of a product intervention order that is a legislative instrument must be by legislative instrument.