Exemptions by ASIC—individual externally‑administered companies
(1) The liquidator of a company that is being wound up may lodge an application with ASIC to exempt the company from section 250N. (2) The administrator of a company under administration may lodge an application with ASIC to exempt the company from section 250N. (3) The administrator of a deed of company arrangement may lodge an application with ASIC to exempt the company from section 250N. (3A) The restructuring practitioner for a company under restructuring may lodge an application with ASIC to exempt the company from section 250N. (3B) The restructuring practitioner for a restructuring plan for a company may lodge an application with ASIC to exempt the company from section 250N. (4) If an application is lodged under subsection (1), (2) or (3), ASIC may, by writing, exempt the company from section 250N. (5) The exemption may be: (a) unconditional; or (b) subject to one or more specified conditions. (6) ASIC must cause a copy of the exemption to be published in the Gazette.
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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