{"id":"F2007B00066","name":"ASIC Class Order [CO 00/0237]","slug":"asic-class-order-co-00-0237","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":61720,"registerId":"commonwealth-F2007B00066-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/0237]","content":"Australian Securities and Investments Commission\n\nCorporations Law — Subsection 741(1) — Exemption\n\nUnder subsection 741(1) of the Corporations Law (Law), the Australian Securities and Investments Commission hereby declares that subsection 708(5) of the Law applies to all persons as if Division 12 of Part 11.2 of the Law were modified or varied by adding the following section after section 1475:\n\n“1475A Fundraising \\- small scale offerings (20 issues in 12 months)\n\nSubsection 708(5) of the new Law applies as if issues and sales that result from offers of the following kind are also disregarded:\n\n(a) offers made before commencement that both:\n\n(i) did not need a prospectus or a notice under section 1043C or 1043D; and\n\n(ii) would not need disclosure under Chapter 6D had they been made after commencement;\n\n(b) offers made before commencement that were not received in Australia; and\n\n(c) offers made before or after commencement under a prospectus or a notice under section 1043C or 1043D lodged with ASIC before commencement.”.\n\nDated this 11th day of March 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":2080},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This Class Order performs exactly the transitional relief function described in its title and preamble. It provides a narrow, technical modification to the calculation method for the 20/12 small-scale offering exemption without expanding beyond the stated purpose of managing the legislative transition."},"complexity_factors":["Transitional provisions bridging old Corporations Law and new Corporations Act 2001","Cross-references to multiple specific sections across both legal regimes (ss 708, 741, 1043C, 1043D, Chapter 6D)","Conditional logic requiring assessment of offers against both old and new disclosure requirements simultaneously","Reference to 'commencement' dates requiring historical knowledge of legislative transition timeline"],"plain_english_summary":"This 2000 transitional rule let companies ignore certain pre‑existing share offers when counting the “20 offers in 12 months” limit under the new Corporations Act, so past fundraising under the old law wouldn’t reduce their ability to use the small‑scale offering exemption. It affected companies relying on section 708 to raise capital without a prospectus, giving them a clean slate during the legal transition."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-0237","history":"/api/acts/asic-class-order-co-00-0237/history","analysis":"/api/acts/asic-class-order-co-00-0237/analysis","conflicts":"/api/acts/asic-class-order-co-00-0237/conflicts","importantCases":"/api/acts/asic-class-order-co-00-0237/important-cases","documents":"/api/acts/asic-class-order-co-00-0237/documents"}}