Section 1023K — Corporations Act 2001: Revocation of product intervention orders

(1) Subject to this section, ASIC may, in writing, revoke a product intervention order. Requirements for revocation of product intervention orders (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. (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 (4) A revocation of a product intervention order that is a legislative instrument must be by legislative instrument.