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 7.9A - PRODUCT INTERVENTION ORDERS  

SECTION 1023K   REVOCATION OF PRODUCT INTERVENTION ORDERS  

1023K(1)    
Subject to this section, ASIC may, in writing, revoke a product intervention order.

Requirements for revocation of product intervention orders

1023K(2)    
If a declaration under section 1023H 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.

1023K(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

1023K(4)    
A revocation of a product intervention order that is a legislative instrument must be by legislative instrument.