Section 1023K — Corporations Act 2001 (Cth)

(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.

Related sections

• s 1023G — Commencement and duration of product intervention orders
• s 1023H — Extension of product intervention orders
• s 1023J — Amendment of product intervention orders
• s 1023L — ASIC to issue public notice of product intervention orders
• s 1023M — Remaking product intervention orders
• s 1023N — Product intervention orders may require notification

Research how courts apply s 1023K

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.