Section 1023J — Corporations Act 2001: Amendment of product intervention orders

(1) Subject to this section, ASIC may, in writing, amend a product intervention order that is in force. Requirements before amending product intervention orders (2) If a declaration under section 1023H is in force in relation to a product intervention order, ASIC must not amend the order without the Minister’s approval, given after considering a report from ASIC on whether the amendment should be made. (3) ASIC may, at any time before the order ceases to be in force, give the Minister a report on whether the amendment should be made. Amendments of product intervention orders (4) An amendment of a product intervention order must not be such that the order remains in force for a period longer than the maximum period determined for the order in accordance with subsection 1023G(2) or 1023H(1). (5) An amendment of a product intervention order comes into force: (a) for an amendment of an order that is a legislative instrument—on the day after the amendment is registered under the Legislation Act 2003; or (b) otherwise—on the day after the day on which the notice under subsection 1023L(6) in relation to the amendment is published; or a later day specified in the amendment. Amendments of orders that are legislative instruments (6) An amendment of a product intervention order that is a legislative instrument must be by legislative instrument.