250PAAExemptions by ASIC—class orders relating to externally‑administered companies

250PAA Exemptions by ASIC—class orders relating to externally‑administered companies

(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.