{"id":"F2007B00388","name":"ASIC Class Order [CO 04/1435]","slug":"asic-class-order-co-04-1435","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62200,"registerId":"commonwealth-F2007B00388-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 04/1435]","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: Under paragraph 951B(1)(c) of the Corporations Act 2001 (\"the Act\") the Australian Securities and Investments Commission (\"ASI\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission\n\nCorporations Act 2001 — Paragraphs 951B(1)(a) and 1020F(1)(a) — Exemption\n\n \n\n1. The Australian Securities and Investments Commission grants this exemption under paragraphs 951B(1)(a) and 1020F(1)(a) of the Corporations Act 2001 (the Act).\n\n \n\nStatements of Advice\n\n \n\n2. A providing entity does not have to comply with paragraphs 947B(2)(h), 947C(2)(i) and 947D(2)(d) of the Act to the extent that those provisions require an amount that is denominated in a foreign currency to be stated as an amount in Australian currency in a Statement of Advice.\n\n \n\nProduct Disclosure Statements and periodic statements\n\n \n\n3. A responsible person does not have the comply with paragraph 1013D(1)(m) and subsection 1017D(5A) of the Act to the extent that those provisions require an amount that is denominated in a foreign currency to be stated as an amount in Australian currency in a Product Disclosure Statement or a periodic statement.\n\n \n\n# Interpretation\n\n \n\n4. In this instrument:\n\n \n\nproviding entity has the meaning given in section 944A of the Act; and\n\n \n\nresponsible person has the meaning given in section 1013A of the Act.\n\n \n\n \n\nDated this 8th day of December 2004\n\n \n\n \n\n \n\n \n\nSigned by Brendan Byrne\n\nas a delegate of the Australian Securities and Investments Commission\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2062},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument maintains its original narrow scope from 2004, providing targeted relief from foreign currency conversion requirements without expansion into broader disclosure exemptions."},"complexity_factors":["Only 4 operative clauses total","Just 2 defined terms, both referencing existing Corporations Act definitions","Simple, unidirectional exemption structure without nested conditions or exceptions","Minimal cross-referencing limited to specific paragraph citations"],"plain_english_summary":"This order lets financial advisers and product issuers show monetary amounts in foreign currency in key disclosure documents (like Statements of Advice, PDSs and periodic statements) without converting them to Australian dollars. \n\nIt affects anyone receiving or preparing investment disclosures involving overseas assets — reducing compliance costs and avoiding misleading or stale AUD conversions for international investments."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-04-1435","history":"/api/acts/asic-class-order-co-04-1435/history","analysis":"/api/acts/asic-class-order-co-04-1435/analysis","conflicts":"/api/acts/asic-class-order-co-04-1435/conflicts","importantCases":"/api/acts/asic-class-order-co-04-1435/important-cases","documents":"/api/acts/asic-class-order-co-04-1435/documents"}}