{"id":"F2007B00305","name":"ASIC Class Order [CO 02/1161]","slug":"asic-class-order-co-02-1161","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62054,"registerId":"commonwealth-F2007B00305-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/1161]","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 ‑ Paragraph 911A(2)(l) ‑ Exemption\n\n \n\nUnder paragraph 911A(2)(l) of the Corporations Act 2001 the Australian Securities and Investments Commission hereby exempts each trustee of a public offer entity from the requirement to hold an Australian financial services licence for the provision of a financial service consisting only of dealing by that trustee in any financial products (other than an interest in the public offer entity) on behalf of the members of the entity in the course of the operation of the entity.\n\n \n\n## Interpretation\n\n \n\nIn this instrument, “public offer entity” has the same meaning as in subsection 10(1) of the Superannuation Industry (Supervision) Act 1993.\n\n \n\n \n\nDated this 31st day of October 2002\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":2134},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument remains focused on its original purpose: providing targeted relief from AFSL requirements for public offer superannuation trustees when dealing in underlying investments on behalf of members."},"complexity_factors":["Single exemption clause with minimal conditions","Only one defined term, imported by reference from the Superannuation Industry (Supervision) Act 1993","Simple carve-out excluding interests in the entity itself","Very short length (under one page)","No nested exceptions or procedural requirements"],"plain_english_summary":"This order lets trustees of public‑offer superannuation funds trade the fund’s underlying investments for members without holding an Australian Financial Services Licence. It covers routine buying and selling of assets as part of running the fund.\n\nIt does not exempt trustees from licensing when issuing or selling interests in the fund itself, so trustees still need an AFSL to offer new units or products. This avoids forcing heavily regulated trustees to hold a separate AFSL just to manage portfolios."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-1161","history":"/api/acts/asic-class-order-co-02-1161/history","analysis":"/api/acts/asic-class-order-co-02-1161/analysis","conflicts":"/api/acts/asic-class-order-co-02-1161/conflicts","importantCases":"/api/acts/asic-class-order-co-02-1161/important-cases","documents":"/api/acts/asic-class-order-co-02-1161/documents"}}