{"id":"F2007B00051","name":"ASIC Class Order [CO 00/0240]","slug":"asic-class-order-co-00-0240","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":61691,"registerId":"commonwealth-F2007B00051-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/0240]","content":"Australian Securities and Investments Commission\n\nCorporations Law — Subsection 741(1) — Declaration\n\nUnder subsection 741(1) of the Corporations Law (Law) the Australian Securities and Investments Commission hereby declares that Chapter 6D of the Law applies to all persons in respect of offers of interests in managed investment schemes as if it were modified or varied as follows:\n\n(1) in paragraph 701(d), “body.” were replaced with “body; and”;\n\n(2) after paragraph 701(d), the following paragraphs were added:\n\n“(e) the formation and promotion of the scheme were those of the body; and\n\n(f) a promoter of the scheme were that of the body; and\n\n(g) the business of the scheme were that of the body; and\n\n(h) a financial report of the scheme were that of the body; and\n\n(i) the affairs of the scheme were those of the body; and\n\n(j) the products and services of the scheme were those of the body.”;\n\n(3) paragraph 711(4)(a) were omitted;\n\n(4) the words “and proposed directors” were added at the end of paragraph 711(4)(c); and\n\n(5) in the table in section 720 (item 1, in the column headed “People whose consent is required”):\n\n(a) the references to “every director of the body” and “every person named in the document as a proposed director of the body” were omitted; and\n\n(b) the words “every director of that body” were replaced with “every director and proposed director of that body”.\n\nDated this 12th 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":2736},"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This is the original 2000 instrument. It remains focused on its original purpose of applying Chapter 6D disclosure requirements to managed investment schemes without significant expansion."},"complexity_factors":["Cross-references to three separate sections of the Corporations Law (701, 711, 720)","Requires understanding of the legal fiction treating managed investment schemes as bodies corporate","Technical amendment structure (omissions, replacements, and additions)"],"plain_english_summary":"This rule treats managed investment schemes as if they were companies for fundraising disclosure, so offers of scheme interests must include the same prospectus-style information about the scheme’s formation, business, finances and affairs. \n\nIt also requires current and proposed directors to consent to the disclosure. It affects anyone offering retail interests in schemes and the directors who must bear disclosure responsibility, preserving investor protections."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-0240","history":"/api/acts/asic-class-order-co-00-0240/history","analysis":"/api/acts/asic-class-order-co-00-0240/analysis","conflicts":"/api/acts/asic-class-order-co-00-0240/conflicts","importantCases":"/api/acts/asic-class-order-co-00-0240/important-cases","documents":"/api/acts/asic-class-order-co-00-0240/documents"}}