Extension of product intervention orders
(1) ASIC may, in accordance with an approval under subsection (4), by legislative instrument, declare that a product intervention order that is in force: (a) remains in force until it is revoked; or (b) remains in force for a specified period, unless it is revoked earlier. Note: A declaration under this subsection has the effect of overriding any provisions in a product intervention order about the duration of the order: see subsection 1023G(3). (2) ASIC may make more than one declaration under subsection (1) in relation to a product intervention order that is in force. Approval of Minister (3) ASIC may, at any time before the order ceases to be in force, give the Minister a report on whether the declaration should be made. (4) After considering the report, the Minister may give an approval in writing for the purposes of subsection (1).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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