Section 250PAA — Corporations Act 2001: 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.