On an application made in accordance with subsection (3) in relation to a company, registered scheme or disclosing entity, ASIC may make an order in writing relieving any of the following from all or specified requirements of Parts 2M.2, 2M.3 and 2M.4 (other than Division 4):
(a) the directors;
(b) the company, scheme or entity;
(c) the auditor.
Note: For the criteria for making orders under this section, see section 342.