{"id":"F2007B00608","name":"ASIC Class Order [CO 02/182]","slug":"asic-class-order-co-02-182","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62404,"registerId":"commonwealth-F2007B00608-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"SCHEDULE A","sectionType":"part","heading":"SCHEDULE A","content":"# SCHEDULE A\n\nA real estate agent licensed in a State or Territory who operates or promotes a scheme of the kind specified in Schedule B and any registered proprietor of a unit or an interest in real property as described in Schedule B.","sortOrder":0},{"sectionNumber":"SCHEDULE B","sectionType":"part","heading":"SCHEDULE B","content":"# SCHEDULE B\n\nMaking offers to issue or sell an interest in, making offers to arrange the issue of an interest in, making a recommendation to acquire an interest in, and operating, a managed investment scheme which consists of an owner or owners (other than owners who acquired their real property interest as a joint owner as part of the scheme) of an interest in real property making their interest in real property available to a real estate agent licensed in a State or Territory for letting purposes (including day to day management of any lease arrangement) other than for use as part of a serviced apartment, hotel, motel or resort complex.\n\nCommencement\n\nThis instrument takes effect on the commencement of Schedule 1 to the Financial Services Reform Act 2001.\n\nDated this 16th day of February 2002\n\nSigned by Brendan Byrne\n\nas a delegate of the Australian Securities and Investments Commission","sortOrder":1}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":987},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The instrument maintains a narrow, specific scope providing relief for real estate letting arrangements from financial services licensing requirements. It does not extend beyond its original purpose of exempting standard property management activities from managed investment scheme regulation."},"complexity_factors":["Uses undefined legal concept of 'managed investment scheme' which requires external knowledge of Corporations Act","Nested exclusions (excludes serviced apartments, hotels, motels, and resort complexes)","Conditional language regarding joint owners who acquired property 'as part of the scheme'","Cross-reference to commencement of separate legislation (Financial Services Reform Act 2001)"],"plain_english_summary":"This class order exempts routine residential property letting from the requirement to hold an Australian financial services licence. It covers licensed real estate agents who manage leasing and day‑to‑day tenancy services for individual property owners, and the owners whose properties are managed.\n\nThe relief doesn’t apply to serviced apartments, hotels, motels or resort complexes, nor to arrangements where owners acquired properties together as part of an investment scheme. It reduces licensing burdens for standard residential property management."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-182","history":"/api/acts/asic-class-order-co-02-182/history","analysis":"/api/acts/asic-class-order-co-02-182/analysis","conflicts":"/api/acts/asic-class-order-co-02-182/conflicts","importantCases":"/api/acts/asic-class-order-co-02-182/important-cases","documents":"/api/acts/asic-class-order-co-02-182/documents"}}