{"id":"F2007B00376","name":"ASIC Class Order [CO 02/286]","slug":"asic-class-order-co-02-286","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62158,"registerId":"commonwealth-F2007B00376-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/286]","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  Corporations Act 2001 — Paragraph 1020F(1)(a) — Exemption\n\n \n\nUnder paragraph 1020F (1)(a) of the Corporations Act 2001 (the “Act”) and for the avoidance of doubt, the Australian Securities and Investments Commission (\"ASIC\") hereby exempts the following persons from paragraph 1012B(4) of the Act, in the following cases and on the following conditions and for so long as they are met.\n\n \n\nPersons\n\nThis exemption applies to persons (“exempted parties”) who are exempted by another ASIC instrument under paragraph 1020F(1)(a) of the Act (“original instrument”) from the requirement to provide a Product Disclosure Statement in regard to offering, issuing or arranging the issue of a financial product.\n\n \n\nCases\n\nThis exemption applies in the case or circumstances (however described) in which the original instrument applies to the extent that subsection 1012B(4) of the Act may require a Product Disclosure Statement to be given to a person by the exempted parties despite the original instrument.\n\n \n\n \n\nConditions\n\nThis exemption is subject to any conditions or other on-going requirements (however described) under the original instrument being met.\n\n \n\n \n\n# Commencement\n\n \n\nThis instrument takes effect on the date of commencement of Schedule 1 to the Financial Services Reform Act 2001.\n\n \n\n \n\nDated the 6th day of March 2002\n\n \n\n \n\n \n\n \n\nSigned by Brendan Byrne  as 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":2200},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument remains tightly focused on its original purpose of exempting holders of PDS exemptions from secondary disclosure obligations under section 1012B(4). No evidence of scope creep beyond this specific technical fix."},"complexity_factors":["Single operative provision with straightforward conditional logic","Only two defined terms ('exempted parties' and 'original instrument')","Relies on external statutory cross-references (Corporations Act sections 1012B and 1020F) but contains no internal definitional complexity","No nested exceptions or layered conditions beyond compliance with the original exemption instrument"],"plain_english_summary":"This instrument is a technical “meta‑exemption” that stops a secondary disclosure rule from applying to financial service providers who already hold an ASIC exemption from supplying a Product Disclosure Statement (PDS). \n\nIt only applies where the holder continues to meet the conditions of their original ASIC exemption, so the original PDS exemption genuinely removes the parallel fallback disclosure burden."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-286","history":"/api/acts/asic-class-order-co-02-286/history","analysis":"/api/acts/asic-class-order-co-02-286/analysis","conflicts":"/api/acts/asic-class-order-co-02-286/conflicts","importantCases":"/api/acts/asic-class-order-co-02-286/important-cases","documents":"/api/acts/asic-class-order-co-02-286/documents"}}