{"id":"F2007L01531","name":"ASIC Class Order [CO 07/337]","slug":"asic-class-order-co-07-337","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":66008,"registerId":"commonwealth-F2007L01531-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Enabling legislation","sectionType":"subdivision","heading":"Enabling legislation","content":"#### Enabling legislation\n\n1. The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) of the Corporations Act 2001 (the Act).","sortOrder":0},{"sectionNumber":"Title","sectionType":"subdivision","heading":"Title","content":"#### Title\n\n2. The instrument is ASIC Class Order \\[CO 07/337\\].","sortOrder":1},{"sectionNumber":"Commencement","sectionType":"subdivision","heading":"Commencement","content":"#### Commencement\n\n3. This instrument commences on the date it is registered under the Legislative Instruments Act 2003.\n\nNote: An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register). The FRLI may be accessed at [http://www.frli.gov.au/](http://www.frli.gov.au/).","sortOrder":2},{"sectionNumber":"Declaration","sectionType":"subdivision","heading":"Declaration","content":"#### Declaration\n\n4. Part 7.9 of the Act applies in relation to the trustee of a superannuation entity as if paragraph 7.9.16J(a) of the Corporations Regulations 2001 were modified or varied by inserting after subparagraph (iv):\n\n“(v) pensions provided under the rules of a superannuation fund that meet the standards of subregulations 1.06(2), 1.06(6) or 1.06(7) of the SIS Regulations; and”.\n\nInterpretation\n\n5. In this instrument:\n\nsuperannuation entity has the meaning given by section 761A of the Act.\n\nDated this 22nd day of May 2007\n\nSigned by Brendan Byrne\n\nas a delegate of the Australian Securities and Investments Commission","sortOrder":3}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2012},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument remains precisely targeted at its original purpose: creating a disclosure exemption for specific categories of superannuation pensions. There is no evidence of scope expansion beyond this narrow technical amendment."},"complexity_factors":["Single, discrete amendment inserting one subparagraph into existing regulations","Only one defined term in the interpretation section","No nested conditional logic, exceptions, or cross-referencing beyond the specific regulatory citations","Very short instrument (5 sections total)"],"plain_english_summary":"**What it does**\n\nThis instrument exempts superannuation trustees from certain disclosure requirements when they provide specific types of retirement pensions to members.\n\nNormally, financial products require detailed disclosure documents (such as Product Disclosure Statements). This class order modifies the Corporations Regulations to add an exception for pensions meeting specific standards under the *Superannuation Industry (Supervision) Regulations 1994* (SIS Regulations):\n\n* **Account-based pensions** (subregulation 1.06(2))\n* **Market-linked pensions** (subregulation 1.06(6))  \n* **Lifetime pensions** (subregulation 1.06(7))\n\n**Who it affects**\n\nTrustees of superannuation funds who offer these specific pension products.\n\n**Why it matters**\n\nIt reduces regulatory burden by recognizing that these pension types are already heavily regulated under superannuation law, so they don't need duplicate disclosure documents under the Corporations Act's financial product rules."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-07-337","history":"/api/acts/asic-class-order-co-07-337/history","analysis":"/api/acts/asic-class-order-co-07-337/analysis","conflicts":"/api/acts/asic-class-order-co-07-337/conflicts","importantCases":"/api/acts/asic-class-order-co-07-337/important-cases","documents":"/api/acts/asic-class-order-co-07-337/documents"}}