{"id":"F2007B00371","name":"ASIC Class Order [CO 02/641]","slug":"asic-class-order-co-02-641","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62144,"registerId":"commonwealth-F2007B00371-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 02/641]","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 992B(1)(b) – Exemption\n\nUnder paragraph 992B(1)(b) of the Corporations Act 2001 (the “Act”) the Australian Securities and Investments Commission hereby exempts:\n\n1. securities, and interests in managed investment schemes, from subsection 992A(3) of the Act; and\n\n2. interests in managed investment schemes that are not managed investment products from subsection 992A(1) of the Act.\n\n# Interpretation\n\nIn this instrument “securities” has the same meaning as it has in Chapter 7 (other than Part 7.11) of the Act.\n\n \n\nDated this 31st day of May 2002\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":1653},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument remains precisely targeted at its original purpose: providing targeted exemptions from disclosure document requirements (s 992A(3)) and hawking prohibitions (s 992A(1)) for specific categories of financial products. No expansion beyond these statutory exemption powers is evident."},"complexity_factors":["Single defined term ('securities') referencing external statutory chapter","Only two operative exemption clauses with no sub-paragraphs","No conditional logic, exceptions, or cross-referencing within the instrument","Straightforward declarative structure typical of exemption class orders"],"plain_english_summary":"ASIC is using its Corporations Act powers to exempt certain securities and interests in managed investment schemes from the usual disclosure document requirements and to permit unsolicited \"hawking\" for some scheme interests that aren’t classified as Chapter 7 managed investment products.  \n\nThis affects banks, fund managers and investors by removing standard disclosure and anti‑hawking protections for those specific products, enabling faster, less regulated sales."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-02-641","history":"/api/acts/asic-class-order-co-02-641/history","analysis":"/api/acts/asic-class-order-co-02-641/analysis","conflicts":"/api/acts/asic-class-order-co-02-641/conflicts","importantCases":"/api/acts/asic-class-order-co-02-641/important-cases","documents":"/api/acts/asic-class-order-co-02-641/documents"}}