{"id":"F2007B00035","name":"ASIC Class Order [CO 00/0177]","slug":"asic-class-order-co-00-0177","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":138214,"registerId":"commonwealth-F2007B00035-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/0177]","content":"Australian Securities and Investments Commission  \nCorporations Law — Subsection 741(1)— Exemption\n\nPursuant to subsection 741(1) of the Corporations Law (the “Law”) the Australian Securities and Investments Commission hereby exempts the class of persons mentioned in Schedule A from subsection 711(6) of the Law in relation to offers mentioned in Schedule B.\n\nSCHEDULE A\n\nPersons responsible for the issue of a prospectus mentioned in Schedule B or who offer for issue shares or debentures to which such a prospectus relates.\n\nSCHEDULE B\n\nOffers of shares or debentures for issue made by a current prospectus registered under the Securities Act 1978 of New Zealand not more than 12 months previously the registration of which has not been cancelled or suspended under that Act and which incorporates all amendments required under that Act.\n\nDated the 13th day of February 2000\n\nSigned by Brendan Byrne\n\nas a delegate of the Australian Securities and Investments Commission","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1751},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is a targeted, single-purpose exemption consistent with trans-Tasman mutual recognition arrangements. It applies exclusively to offers made under compliant New Zealand prospectuses and has not expanded beyond this original narrow scope."},"complexity_factors":["Very short instrument with only two operative schedules","Simple temporal condition (12-month validity period)","Only one cross-reference to foreign legislation (NZ Securities Act 1978)","No defined terms beyond 'the Law'","No nested exceptions or conditional logic"],"plain_english_summary":"This order lets New Zealand companies rely on a New Zealand-registered prospectus to offer shares or debentures to Australian investors without preparing a separate Australian prospectus. It affects NZ issuers, Australian investors, and those responsible for offers by treating recent, active NZ-registered prospectuses (with required updates and not cancelled or suspended) as satisfying Australia’s disclosure requirement, reducing cross‑border compliance."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-0177","history":"/api/acts/asic-class-order-co-00-0177/history","analysis":"/api/acts/asic-class-order-co-00-0177/analysis","conflicts":"/api/acts/asic-class-order-co-00-0177/conflicts","importantCases":"/api/acts/asic-class-order-co-00-0177/important-cases","documents":"/api/acts/asic-class-order-co-00-0177/documents"}}