ASIC issues report on relief applications – June to August 2007

ASIC has released a report outlining its recent decisions on applications for relief during the period 1 June to 31 August 2007. It summarises situations where ASIC has exercised, or refused to exercise, its exemption and modification powers from the financial reporting, managed investment, takeovers, fundraising or financial services provisions of the Corporations Act 2001.

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