ASIC has released a report outlining its recent
decisions on applications for relief from the corporate finance,
financial services and managed investment provisions of the Corporations Act (the Act) between 1 April and 30 June 2006.

The report, Overview of decisions on relief applications (April to June 2006),
provides an overview of situations where ASIC has exercised, or refused
to exercise, its exemption and modification powers, from the financial
reporting, managed investment, takeovers, fundraising and financial
services provisions of the Act.