ASIC has released a reportĀ , Overview of decisions on relief applications (April 2009 to July 2009) (REP 184 ) which provides an overview of a range of the applications where ASIC has considered, exercised, or refused to exercise, its exemption and modification powers from the financial reporting, managed investment, takeovers, fundraising and financial services provisions of the Corporations Act.
REP184 also highlights examples where ASIC decided to adopt a no-action position regarding specified non-compliance with the provisions, and features an appendix detailing the relief instruments it executed.