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CORPORATIONS ACT 2001 - SECT 798JC

Matters relating to ASIC directions--crisis resolution

Variation or revocation

  (1)   If the Reserve Bank, under subsection   849AB(1), requests ASIC to vary a direction given to an entity under subsection   798JB(1), ASIC may vary the direction by giving written notice to the entity.

  (2)   ASIC may revoke a direction given to an entity under subsection   798JB(1) by giving written notice to the entity.

Directions are not legislative instruments

  (3)   A direction given under subsection   798JB(1), a variation under subsection   (1) of this section, or a revocation under subsection   (2) of this section is not a legislative instrument.



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