Document ID: chunk:federal_register_of_legislation:C2019A00050:clause:2_1023k
Version: federal_register_of_legislation:C2019A00050
Segment Type: clause
Provision Reference: sch 2 cl 1023K
Character Range: 63309–64061

1023K  Revocation of product intervention orders
 (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.