{"id":"F2007B00286","name":"ASIC Class Order [CO 00/0228]","slug":"asic-class-order-co-00-0228","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62003,"registerId":"commonwealth-F2007B00286-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/0228]","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission  Corporations Law — Subsection 741(1) — Exemption\n\n \n\n \n\nPursuant to subsection 741(1) of the Corporations Law (Law) the Australian Securities and Investments Commission hereby exempts each person in the class of persons mentioned in Schedule A in the case mentioned in Schedule B from section 736 of the Law.\n\n \n\n \n\n# SCHEDULE A\n\n \n\nAny person being the holder of one or more interests in a time-sharing scheme and any person acting on behalf of such a person.\n\n \n\n \n\n# SCHEDULE B\n\n \n\nAn offer for sale of an interest in a time-sharing scheme made by a person mentioned in Schedule A, being an offer for sale to which neither subsection 707(3) of the Law nor subsection 707(5) of the Law applies.\n\n \n\n \n\nDated the 9th day of February 2000\n\n \n\n \n\n \n\nSigned by Brendan Byrne\n\nas delegate of the Australian Securities and Investments Commission.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1886},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is the original 2000 class order creating a targeted exemption for secondary sales of time-sharing scheme interests. The scope remains tightly confined to relieving individual holders from disclosure requirements when reselling their existing interests."},"complexity_factors":["Extremely short instrument with only two operative paragraphs (Schedules A and B)","No interpretation section or defined terms","Simple conditional structure (single exemption with two exclusion criteria)","Only four external statutory cross-references (ss 741(1), 736, 707(3), 707(5))"],"plain_english_summary":"This exemption lets timeshare owners and their agents sell existing holiday timeshare interests without preparing the costly prospectus normally required under the Corporations Law.  \n\nBy removing that disclosure burden for secondary sales (except where other specific exemptions already apply), it preserves an affordable resale market for ordinary owners and keeps routine transfers practical."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-0228","history":"/api/acts/asic-class-order-co-00-0228/history","analysis":"/api/acts/asic-class-order-co-00-0228/analysis","conflicts":"/api/acts/asic-class-order-co-00-0228/conflicts","importantCases":"/api/acts/asic-class-order-co-00-0228/important-cases","documents":"/api/acts/asic-class-order-co-00-0228/documents"}}