{"id":"F2007B00298","name":"ASIC Class Order [CO 02/1073]","slug":"asic-class-order-co-02-1073","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62028,"registerId":"commonwealth-F2007B00298-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/1073]","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: Australian Securities and Investments Commission\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission\n\nCorporations Act 2001 – Section 951B – Exemption\n\n \n\nUnder section 951B of the Corporations Act 2001 (“the Act”), the Australian Securities and Investments Commission hereby exempts each responsible entity of a registered scheme from section 941A of the Act to the extent that it requires that entity to provide a Financial Services Guide to a member of the registered scheme in relation to any dealing by that entity in any financial products on behalf of the members of the scheme in the course of operation of the scheme.\n\n \n\nDated this 9th day of October 2002\n\n \n\n \n\n \n\n \n\nSigned by Brendan Byrne\n\nas 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":1782},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument provides a narrow, specific exemption consistent with ASIC's regulatory relief powers. It relieves responsible entities from duplicate disclosure requirements when dealing with scheme members, showing no evidence of scope creep beyond this original purpose."},"complexity_factors":["Single, targeted exemption with no sub-conditions or exceptions","Only two statutory cross-references (Corporations Act sections 951B and 941A)","No defined terms or interpretation section","Limited operational scope restricted to dealings on behalf of scheme members"],"plain_english_summary":"This order exempts responsible entities of registered managed investment schemes from the usual requirement to give retail clients a Financial Services Guide when the entity is buying or selling financial products on behalf of the scheme’s own members as part of operating the fund. It removes a repetitive disclosure burden where scheme members already receive comprehensive fund documents (like Product Disclosure Statements), because the entity is acting within the fund, not providing separate retail advice."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-1073","history":"/api/acts/asic-class-order-co-02-1073/history","analysis":"/api/acts/asic-class-order-co-02-1073/analysis","conflicts":"/api/acts/asic-class-order-co-02-1073/conflicts","importantCases":"/api/acts/asic-class-order-co-02-1073/important-cases","documents":"/api/acts/asic-class-order-co-02-1073/documents"}}