CORPORATIONS ACT 2001 - SECT 250PAA Exemptions by ASIC--class orders relating to externally - administered companies

CORPORATIONS ACT 2001 - SECT 250PAA

  (1)   ASIC may, by legislative instrument, make an order exempting any of the following from section   250N:

  (a)   a specified class of companies that are being wound up;

  (b)   a specified class of companies under administration;

  (c)   a specified class of companies subject to deeds of company arrangement;

  (d)   a specified class of companies under restructuring;

  (e)   a specified class of companies subject to restructuring plans.

  (2)   The order may be:

  (a)   unconditional; or

  (b)   subject to one or more specified conditions.

  (3)   ASIC must cause a copy of the order to be published in the Gazette .