Document ID: chunk:federal_register_of_legislation:C2008C00460:clause:1_342ac
Version: federal_register_of_legislation:C2008C00460
Segment Type: clause
Provision Reference: sch 1 cl 342AC
Character Range: 31362–32185

342AC  Exemption orders—criteria for orders for non‑auditor members etc.

  To make an order under section 342AA or 342AB, ASIC must be satisfied that complying with the relevant requirements of Division 3 of Part 2M.4 would:
 (a) make the financial report or other reports misleading; or
 (b) be inappropriate in the circumstances; or
 (c) impose unreasonable burdens.

Note 1: The heading to section 340 is replaced by the heading "Exemption orders—companies, registered schemes and disclosing entities".

Note 2: The heading to section 341 is replaced by the heading "Exemption orders—class orders for companies, registered schemes and disclosing entities".

Note 3: The heading to section 342 is replaced by the heading "Exemption orders—criteria for orders for companies, registered schemes and disclosing entities".