{"id":"F2007B00299","name":"ASIC Class Order [CO 02/1074]","slug":"asic-class-order-co-02-1074","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62029,"registerId":"commonwealth-F2007B00299-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/1074]","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 trustee of a superannuation entity from section 941A of the Act to the extent that it requires that trustee to provide a Financial Services Guide to a member of the entity, in relation to any dealing by that trustee in any financial products on behalf of the members of the entity in the course of the operation of the entity.\n\n \n\nInterpretation\n\n \n\nIn this instrument, “superannuation entity” has the same meaning as in subsection 10(1) of the Superannuation Industry (Supervision) Act 1993.\n\n \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":1847},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This appears to be the original 2002 instrument creating a specific, narrow exemption for superannuation trustees. There is no evidence of amendment or expansion beyond the original purpose of reducing regulatory burden for routine superannuation investment activities."},"complexity_factors":["Single defined term ('superannuation entity') incorporated by reference to external legislation","Only one substantive exemption clause with a straightforward 'to the extent that' limitation","Minimal cross-referencing (three legislative provisions cited: Corporations Act sections 951B and 941A, and SIS Act subsection 10(1))","No nested exceptions, conditional chains, or interpretive ambiguities"],"plain_english_summary":"This order exempts superannuation trustees from having to provide a Financial Services Guide each time they buy or sell investments on behalf of members in the ordinary running of a fund. It affects trustees of regulated super funds and their members, reducing repetitive paperwork and administrative costs by recognising members already receive comprehensive fund disclosures, so routine investment transactions don’t require separate formal guides."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-1074","history":"/api/acts/asic-class-order-co-02-1074/history","analysis":"/api/acts/asic-class-order-co-02-1074/analysis","conflicts":"/api/acts/asic-class-order-co-02-1074/conflicts","importantCases":"/api/acts/asic-class-order-co-02-1074/important-cases","documents":"/api/acts/asic-class-order-co-02-1074/documents"}}