Section 1023J — Corporations Act 2001 (Cth)

(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.

Related sections

• s 1023F — ASIC to consult before making product intervention orders
• s 1023G — Commencement and duration of product intervention orders
• s 1023H — Extension of product intervention orders
• s 1023K — Revocation of product intervention orders
• s 1023L — ASIC to issue public notice of product intervention orders
• s 1023M — Remaking product intervention orders

Research how courts apply s 1023J

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