Section 341 — Corporations Act 2001 (Cth)

(1) ASIC may make an order in writing in respect of a specified class of companies, registered schemes, registrable superannuation entities or disclosing entities, relieving any of the following from all or specified requirements of Parts 2M.2, 2M.3 and 2M.4 (other than Division 4):

(a) directors;

(b) the companies, registered schemes, registrable superannuation entities or disclosing entities themselves;

(c) auditors of the companies, registered schemes, registrable superannuation entities or disclosing entities.

Note: For the criteria for making orders under this section, see section 342.

(2) The order may:

(a) be expressed to be subject to conditions; and

(b) be indefinite or limited to a specified period.

(3) Notice of the making, revocation or suspension of the order must be published in the Gazette.

Related sections

• s 338 — Evidence of text of accounting, auditing or sustainability standard
• s 340 — Exemption orders—companies, registered schemes, registrable superannuation entities and disclosing entities
• s 340A — Exemption orders—notified foreign passport funds
• s 341A — Exemption orders—class orders for notified foreign passport funds
• s 342 — Exemption orders—criteria for orders for companies, registered schemes, registrable superannuation entities, notified foreign passport funds and disclosing entities
• s 342AA — Exemption orders—non‑auditor members and former members of audit firms; former employees of audit companies

Research how courts apply s 341

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