National Consumer Credit Protection Act 2009
View history note
Hide history noteSubject 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.
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