{"id":"F2007B00084","name":"ASIC Class Order [CO 00/0231]","slug":"asic-class-order-co-00-0231","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":61753,"registerId":"commonwealth-F2007B00084-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/0231]","content":"Australian Securities and Investments Commission  \nCorporations Law — Subsections 260MA(1) and 741(1) — Exemption\n\nPursuant to subsections 260MA(1) and 741(1) of the Corporations Law (the Law) the Australian Securities and Investments Commission hereby exempts each person included in the class of persons mentioned in Schedule A in the case mentioned in Schedule B from Parts 2L.1, 2L.2, 2L.3, 2L.4 and 2L.5 of the Law and from section 718, subsection 727(1) and section 736 of the Law.\n\nSCHEDULE A\n\nCorporations which in the ordinary course of their business deal in the short-term money market and have unsecured short-term debt which is rated A.2, A.1 or A.1+ by Standard & Poor's (Australia) Pty. Ltd.\n\nSCHEDULE B\n\nOffers to accept deposits of money in amounts of not less than $100,000 made to persons whose ordinary business is or includes the investment of funds on the short-term money market or whose ordinary business is or includes investment in securities or the purchase and / or sale of securities.\n\nDated the 10th 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":1363},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This class order maintains its original narrow scope as a targeted exemption for highly-rated money market corporations when dealing with wholesale investors. There is no indication of expansion beyond the initial purpose of facilitating professional short-term debt markets."},"complexity_factors":["Very short instrument with only two qualifying conditions (Schedule A and B)","Objective, measurable criteria (Standard & Poor's credit ratings and $100,000 minimum threshold)","Minimal cross-referencing (only specifies the Corporations Law sections being exempted)","No nested exceptions, conditional logic, or interpretation sections"],"plain_english_summary":"This exemption lets highly rated financial institutions in the short-term money market borrow from professional investors without the usual detailed debenture/disclosure requirements. It applies to corporations rated A.2, A.1 or A.1+ by S&P and to sophisticated investors whose business is money-market or securities investing who deposit at least $100,000. It speeds efficient short-term funding by trusting ratings and investor expertise instead of retail-focused disclosure."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-0231","history":"/api/acts/asic-class-order-co-00-0231/history","analysis":"/api/acts/asic-class-order-co-00-0231/analysis","conflicts":"/api/acts/asic-class-order-co-00-0231/conflicts","importantCases":"/api/acts/asic-class-order-co-00-0231/important-cases","documents":"/api/acts/asic-class-order-co-00-0231/documents"}}