CORPORATIONS ACT 2001 - SECT 341A Exemption orders--class orders for notified foreign passport funds

CORPORATIONS ACT 2001 - SECT 341A

  (1)   ASIC may, by legislative instrument, make an order in respect of a specified class of notified foreign passport funds, relieving any of the following from all or specified requirements of Part   2M.3:

  (a)   notified foreign passport funds;

  (b)   the operators of notified foreign passport funds;

  (c)   the directors of the operators of notified foreign passport funds.

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

  (2)   The order may:

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

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