Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.6 - EXEMPTIONS AND MODIFICATIONS  

SECTION 341A   EXEMPTION ORDERS - CLASS ORDERS FOR NOTIFIED FOREIGN PASSPORT FUNDS  

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 .

341A(2)  
The order may:

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

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