{"id":"F2006B01264","name":"ASIC Class Order [CO 00/1087]","slug":"asic-class-order-co-00-1087","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":40878,"registerId":"commonwealth-F2006B01264-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 00/1087]","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\n\nCorporations Law — Paragraph 601QA(1)(b) — Modification\n\n \n\n \n\nPursuant to paragraph 601QA(1)(b) of the Corporations Law (\"the Law\") the Australian Securities and Investments Commission hereby declares that Division 11 of Part 11.2 of the Law applies in the case specified in the Schedule as if it were modified or varied by:\n\n \n\n1. inserting \"or\" at the end of paragraph 1452(b); and\n2. inserting after paragraph 1452(b) the following paragraph:\n\n\n \n\n\"(c) that Division would have applied but for the operation of an exemption in respect of infra-state common funds under section 21 of the Trustee Companies Act 1987 (Western Australia), regulations under the Companies (Application of Laws) Act 1982 (South Australia) or subsection 25(15) of the Companies (Trustees and Personal Representatives) Act 1947 (Northern Territory);\".\n\n \n\n \n\n# SCHEDULE\n\n \n\nThe operation of a managed investment scheme that is a common fund.\n\n \n\n \n\nDated this 23rd day of May 2000\n\n \n\n \n\n \n\nSigned by Brendan Byme\n\nas a delegate of the Australian Securities and Investments Commission\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2342},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow technical purpose of ensuring Division 11 applies to common funds notwithstanding specific state and territory exemptions. It has not expanded beyond this specific regulatory gap closure."},"complexity_factors":["Requires understanding of interplay between Commonwealth Corporations Law and three separate state/territory legislative regimes (WA, SA, NT)","Modifies primary legislation by inserting conditional paragraphs with nested exemptions","Uses legacy legislative numbering (Part 11.2, Division 11, section 1452) from the pre-2001 Corporations Law","Technical terminology requiring knowledge of 'infra-state common funds' and 'managed investment schemes'"],"plain_english_summary":"This ASIC Class Order amends the Corporations Law so “common funds” remain subject to Commonwealth rules even where WA, SA or NT laws would otherwise exempt infra‑state funds. \n\nIt affects trustee companies that had relied on those local exemptions and protects investors by ensuring consistent oversight nationwide, closing a gap that enabled jurisdictional forum‑shopping."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-00-1087","history":"/api/acts/asic-class-order-co-00-1087/history","analysis":"/api/acts/asic-class-order-co-00-1087/analysis","conflicts":"/api/acts/asic-class-order-co-00-1087/conflicts","importantCases":"/api/acts/asic-class-order-co-00-1087/important-cases","documents":"/api/acts/asic-class-order-co-00-1087/documents"}}