Corporations Act 2001
On an application made in accordance with subsection (3) in relation to a company, registered scheme or disclosing entity, ASIC may make an order in writing relieving any of the following from all or specified requirements of Parts 2M.2 , 2M.3 and 2M.4 (other than Division 4 ):
(a) the directors;
(b) the company, scheme or entity;
(c) the auditor.
Note: For the criteria for making orders under this section, see section 342 .
(a) be expressed to be subject to conditions; and
(b) be indefinite or limited to a specified period. 340(3) [ Application]
(a) authorised by a resolution of the directors; and
(b) in writing and signed by a director; and
(c) lodged with ASIC. 340(4) [ Written notice]
ASIC must give the applicant written notice of the making, revocation or suspension of the order.