Section 1023U — Corporations Act 2001 (Cth)

Avoidance schemes—exemption by ASIC

(1) ASIC may, by legislative instrument, exempt a scheme, or class of schemes, from all or specified provisions of section 1023S.

(2) The exemption may apply subject to any specific conditions imposed by ASIC.

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.

Related sections

s 1023R — Additional powers of court to make orders
s 1023S — Avoidance schemes—prohibition
s 1023T — Avoidance schemes—presumption of avoidance for certain schemes in civil cases
s 1040A — Content of Part
s 1040B — Treat certain instruments as if they were financial products and Division 3 financial products
s 1041A — Market manipulation

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