{"id":"F2007B00373","name":"ASIC Class Order [CO 02/0191]","slug":"asic-class-order-co-02-0191","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62149,"registerId":"commonwealth-F2007B00373-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Interpretation","sectionType":"part","heading":"Interpretation","content":"## Interpretation\n\nFor the purposes of this instrument, “notifiable person” means the following:\n\n(a) a seller of the financial product if the sale takes place in circumstances described in subsection 1012C(5), (6) or (8) of the Act;\n\n(b) any financial services licensee;\n\n(c) any regulated principal (as defined in section 1430 of the Act);\n\n(d) any authorised representative of a financial services licensee;\n\n(e) any representative of a regulated principal (within the meaning of section 1436 of the Act);\n\n(f) any person who is not required to hold an Australian financial services licence because the person is covered by:\n\n(i) paragraph 911A(2)(j) of the Act;\n\n(ii) an exemption in regulations made for the purposes of paragraph 911A(2)(k) of the Act; or\n\n(iii) an exemption specified by ASIC for the purposes of paragraph 911A(2)(l) of the Act;\n\n(g) the provider of a custodial arrangement within the meaning of section 1012IA of the Act.\n\nNote: “Writing” includes any mode of representing or reproducing words in a visible form; and “documents” include any article from which writing is capable of being reproduced, with or without the aid of any other article or device: see section 25 of the Acts Interpretation Act 1901.\n\nDated this 15th day of February 2002\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":2343},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This provision establishes the original scope of the Class Order by defining the key term 'notifiable person'. As an interpretation section in the original 2002 instrument, it sets the initial parameters for who is subject to the Order's notification obligations rather than expanding or narrowing pre-existing coverage."},"complexity_factors":["Multiple cross-references to Corporations Act 2001 sections (1012C, 911A, 1430, 1436, 1012IA) requiring external knowledge","Reliance on externally defined statutory terms ('regulated principal', 'authorised representative', 'financial services licensee')","Three distinct licensing exemption pathways in paragraph (f) requiring familiarity with exemption categories","Conditional scope based on circumstances described in referenced subsections rather than explicit description"],"plain_english_summary":"This ASIC Class Order sets who counts as a \"notifiable person\" — the firms and representatives who must disclose prescribed information to clients when selling or providing financial products. It covers sellers in specified sale circumstances, AFS licensees and reps, legacy regulated principals, certain exempt persons, and custodial arrangement providers. It also clarifies that “writing” and “documents” include electronic forms."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-0191","history":"/api/acts/asic-class-order-co-02-0191/history","analysis":"/api/acts/asic-class-order-co-02-0191/analysis","conflicts":"/api/acts/asic-class-order-co-02-0191/conflicts","importantCases":"/api/acts/asic-class-order-co-02-0191/important-cases","documents":"/api/acts/asic-class-order-co-02-0191/documents"}}