Content and copies of orders
588FGAB Content and copies of orders
Reasons
An order under subsection 588FGAA(3) must include written reasons for the making of the order (including why ASIC is satisfied section 588FGAA applies).
Orders for payment
An order under paragraph 588FGAA(3)(b) (requiring a person to pay a company an amount) may require the amount to be paid at a time or within a period set out in the order.
Liquidator to be given copies of orders etc.
If ASIC makes an order under subsection 588FGAA(3) relating to a company, ASIC must give the company’s liquidator a copy of the order, and of any revocation or amendment of the order.
This Act’s bill:Explanatory memorandumSecond reading speech
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