{"id":"F2007B00300","name":"ASIC Class Order [CO 02/1075]","slug":"asic-class-order-co-02-1075","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62031,"registerId":"commonwealth-F2007B00300-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/1075]","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 Commissions\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission\n\nCorporations Act 2001 – Subsection 1020F(1) – Exemption\n\n \n\nUnder subsection 1020F(1) of the Corporations Act 2001 (“the Act”), the Australian Securities and Investments Commission hereby exempts travellers’ cheques from section 1017F of the Act.\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","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1266},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument remains a narrow, targeted exemption for travellers' cheques from disclosure requirements. It has not expanded beyond its original purpose."},"complexity_factors":["Single, unambiguous exemption covering one specific financial product","No defined terms section","No conditional logic, exceptions, or procedural requirements","Only references two sections of the Corporations Act (the empowering provision and the exempted provision)"],"plain_english_summary":"**What this does:** This instrument exempts travellers' cheques from the usual requirement to provide a Product Disclosure Statement (PDS) under the Corporations Act.\n\n**Who it affects:** Companies that issue or sell travellers' cheques in Australia, and consumers who buy them.\n\n**Why it matters:** Normally, financial products must come with detailed disclosure documents explaining fees, risks, and terms (like a product disclosure statement). Travellers' cheques are considered simple and low-risk enough that they don't need this paperwork, making them quicker and cheaper to issue and purchase.\n\n**In simple terms:** If you buy a travellers' cheque, the seller doesn't have to give you a thick booklet explaining what it is—unlike when you buy shares or complex investments."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-1075","history":"/api/acts/asic-class-order-co-02-1075/history","analysis":"/api/acts/asic-class-order-co-02-1075/analysis","conflicts":"/api/acts/asic-class-order-co-02-1075/conflicts","importantCases":"/api/acts/asic-class-order-co-02-1075/important-cases","documents":"/api/acts/asic-class-order-co-02-1075/documents"}}