{"id":"F2007B00304","name":"ASIC Class Order [CO 02/0145]","slug":"asic-class-order-co-02-0145","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62053,"registerId":"commonwealth-F2007B00304-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/0145]","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: \"[CO 00/168]\"\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission  Corporations Act 2001 — Paragraph 1020F (1)(a) — Exemption\n\n \n\nUnder paragraph 1020F(1)(a) of the Corporations Act 2001 (“the Act”), and for the avoidance of doubt, 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 1016B  of the Act.\n\n \n\nSCHEDULE A\n\nPersons who lodge Product Disclosure Statements of the kind mentioned in Schedule B.\n\n \n\nSCHEDULE B\n\nThe lodgment of a Product Disclosure Statement under which there are offered no financial products other than managed investment products which are in the same class as managed investment products which at the time of the lodgment are able to be traded on a prescribed financial market.\n\n \n\nNote: Section 1015B specifies that Product Disclosure Statements for certain managed investment products are required to be lodged.\n\n \n\n \n\n# Commencement\n\n \n\nThis exemption takes effect on the commencement of Schedule 1 to the Financial Services Reform Act 2001.\n\n \n\nDated the 6th day of February 2002\n\n \n\n \n\n \n\n \n\nSigned by Brendan Byrne  as a delegate of the Australian Securities and Investments Commission\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":3207},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The instrument represents a targeted, specific exemption for a discrete class of PDS lodgers. There is no evidence in the text of scope expansion beyond the original purpose of relieving compliance with section 1016B for managed investment products comparable to those already traded on prescribed markets."},"complexity_factors":["Requires external knowledge of Corporations Act sections 1016B, 1015B and 1020F to understand the full legal effect","Triple-nested conditional logic in Schedule B ('no financial products other than... which are in the same class as... which at the time of lodgment are able to be traded')","Reliance on undefined statutory terms ('prescribed financial market', 'managed investment products', 'class') which have specific meanings under the Corporations Act","Cross-referencing structure between Schedule A (the persons) and Schedule B (the circumstances)"],"plain_english_summary":"ASIC exempts certain managed-fund issuers from specific section 1016B requirements when lodging Product Disclosure Statements. It applies only to PDSs for managed investment products that are the same class as products already traded on a prescribed financial market (e.g., ASX). The change eases regulatory duplication for issuers of funds similar to existing listed products."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-0145","history":"/api/acts/asic-class-order-co-02-0145/history","analysis":"/api/acts/asic-class-order-co-02-0145/analysis","conflicts":"/api/acts/asic-class-order-co-02-0145/conflicts","importantCases":"/api/acts/asic-class-order-co-02-0145/important-cases","documents":"/api/acts/asic-class-order-co-02-0145/documents"}}