{"id":"F2007B00301","name":"ASIC Class Order [CO 02/1145]","slug":"asic-class-order-co-02-1145","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62040,"registerId":"commonwealth-F2007B00301-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/1145]","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: Austra\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission  Corporations Act 2001 – Subsection 765A(2) – Declaration\n\nUnder subsection 765A(2) of the Corporations Act 2001 the Australian Securities and Investments Commission hereby declares that an overseas student health insurance contract issued before 31 March 2003 is not a financial product for the purposes of Chapter 7 of that Act.\n\n# Interpretation\n\nIn this instrument, “overseas student health insurance contract” has the same meaning as in regulation 48 of the National Health Insurance Regulations 1954.\n\n \n\nDated this 31st day of October 2002\n\n \n\n \n\nSigned by Brendan Byrne  as a delegate of the Australian Securities and Investments Commission\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2071},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 2002 instrument with a narrow, specific purpose—exempting pre-31 March 2003 overseas student health insurance contracts from Chapter 7 regulation. The scope remains limited to that specific declaration and has not expanded beyond its original intent."},"complexity_factors":["Extremely short instrument containing only 2 substantive paragraphs","Single defined term referencing external regulations (no new definitions created)","No conditional logic, exceptions, or nested provisions","Straightforward declaration without operational, procedural, or penalty provisions","No cross-references to other sections of the Corporations Act beyond the enabling power"],"plain_english_summary":"This instrument declares overseas student health insurance contracts issued before 31 March 2003 are not \"financial products\" for the purposes of Chapter 7 of the Corporations Act 2001. That removes AFS licensing and other Chapter 7 regulatory obligations for providers of those pre‑2003 policies and affects international students who bought such coverage, easing compliance burdens tied to mandatory student health insurance."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-1145","history":"/api/acts/asic-class-order-co-02-1145/history","analysis":"/api/acts/asic-class-order-co-02-1145/analysis","conflicts":"/api/acts/asic-class-order-co-02-1145/conflicts","importantCases":"/api/acts/asic-class-order-co-02-1145/important-cases","documents":"/api/acts/asic-class-order-co-02-1145/documents"}}