{"id":"F2007B00045","name":"ASIC Class Order [CO 00/0190]","slug":"asic-class-order-co-00-0190","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":61678,"registerId":"commonwealth-F2007B00045-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/0190]","content":"Australian Securities and Investments Commission\n\nCorporations Law — Subsection 741(1)\n\nExemption and Declaration\n\nUnder paragraph 741(1)(a) of the Corporations Law (the Law), the Australian Securities and Investments Commission (ASIC) hereby exempts a person who offers securities under a disclosure document or a supplementary document in relation to that disclosure document where:\n\n(a) one or more supplementary documents (collectively “the old supplementary document”) in relation to the same original disclosure document (“the disclosure document”) have been lodged; and\n\n(b) the person has lodged a further supplementary document (“the new supplementary document”) which:\n\n(i) discloses at the beginning that it is issued in substitution for the old supplementary document, as clearly identified; and\n\n(ii) contains all of the substantive information in the old supplementary document except to the extent that the new supplementary document corrects deficiencies in or updates that information or provides additional information,\n\nfrom paragraph 719(2)(d) of the Law to the extent that it requires the new supplementary document to state that it is to be read together with any previous supplementary documents.\n\nAnd under paragraph 741(1)(b) of the Law ASIC declares that from the time the new supplementary document is lodged Chapter 6D shall have effect in relation to the disclosure document as if subsection 719(4) referred to the new supplementary document and did not refer to the old supplementary document.\n\nDated the 15th day of February 2000\n\nSigned by Brendan Byrne  \nas a delegate of the Australian Securities and Investments Commission","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2607},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow scope, providing specific procedural relief for consolidating supplementary disclosure documents without expanding beyond the original regulatory intent."},"complexity_factors":["Cross-references to multiple statutory provisions (ss 719(2)(d), 719(4), 741(1) and Chapter 6D of the Corporations Law)","Conditional exemption requiring satisfaction of nested criteria regarding lodgement history and content requirements","Declaratory provision that modifies statutory construction by deeming substitution of document references","Use of defined terms within the instrument ('old supplementary document', 'new supplementary document')"],"plain_english_summary":"This class order lets companies replace a chain of supplementary disclosure documents with a single consolidating supplementary document. If the new document states it replaces prior supplements and contains their substance (aside from corrections or updates), it need not say it must be read with the earlier ones and legally takes their place.\n\nIt benefits anyone issuing securities by preventing “document creep,” simplifying investor disclosure and reducing administrative burden."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-0190","history":"/api/acts/asic-class-order-co-00-0190/history","analysis":"/api/acts/asic-class-order-co-00-0190/analysis","conflicts":"/api/acts/asic-class-order-co-00-0190/conflicts","importantCases":"/api/acts/asic-class-order-co-00-0190/important-cases","documents":"/api/acts/asic-class-order-co-00-0190/documents"}}