Document ID: chunk:federal_register_of_legislation:C2022A00035:clause:7_1693b
Version: federal_register_of_legislation:C2022A00035
Segment Type: clause
Provision Reference: sch 7 cl 1693B
Character Range: 60577–61423

1693B  Instruments that provide relief from requirements of this Act—Lodgement of annual reports by large proprietary companies
 (1) Despite anything contained in this Act, ASIC may not make a legislative instrument, however described, if that legislative instrument would have the effect of relieving the class of companies referred to in subsection (2) of the requirement to comply with subsection 319(1) of this Act for a financial year.
 (2) The class of companies is the class of large proprietary companies that was relieved from the requirement to comply with subsection 319(1) of this Act by the ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840 as in force immediately before the commencement day.

[Minister's second reading speech made in—
House of Representatives on 27 July 2022
Senate on 3 August 2022]
(55/22)