{"id":"F2007L04179","name":"ASIC Class Order [CO 07/570]","slug":"asic-class-order-co-07-570","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":70341,"registerId":"commonwealth-F2007L04179-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 07/570]","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 — Subsection 601QA(1) — Revocation\n\n \n\nEnabling legislation\n\n \n\n1. The Australian Securities and Investments Commission (ASIC) makes this instrument under subsection 601QA(1) of the Corporations Act 2001.\n\n# Title\n\n2. This instrument is ASIC Class Order [CO 07/570].\n\n \n\nCommencement\n\n \n\n3. This instrument commences on the date it is registered under the Legislative Instruments Act 2003.\n\n  \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/>.\n\n \n\nRevocation\n\n \n\n4. ASIC Class Order [CO 98/55] is revoked.\n\n \n\n \n\n \n\n \n\nDated this 17th day of October 2007\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\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2006},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly as described in its title—a straightforward, limited-purpose revocation of a previous class order without expanding into new regulatory territory."},"complexity_factors":["Only 4 operative sections","Single, unambiguous action (revocation of one instrument)","No definitions or interpretation provisions","No conditional logic, exceptions, or cross-references to complex regulatory requirements","Text is shorter than one page"],"plain_english_summary":"This instrument **revokes** (cancels) an older ASIC class order—CO 98/55—from 1998.\n\n**What it does**\n- Cancels ASIC Class Order [CO 98/55], which previously provided regulatory relief, exemptions, or modifications to the Corporations Act 2001\n- Once revoked, any special permissions or exceptions granted by the 1998 order cease to apply\n\n**Who it affects**\n- Companies, financial services providers, or other entities that were relying on CO 98/55 to comply with the law (for example, by using an exemption from certain disclosure or licensing requirements)\n- These entities must review their compliance arrangements to ensure they meet current legal requirements without relying on the revoked order\n\n**Why it matters**\n- Removes outdated regulatory relief that may no longer be appropriate\n- Ensures affected parties comply with the current version of the Corporations Act 2001\n- Prevents entities from accidentally relying on expired or superseded exemptions"}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-07-570","history":"/api/acts/asic-class-order-co-07-570/history","analysis":"/api/acts/asic-class-order-co-07-570/analysis","conflicts":"/api/acts/asic-class-order-co-07-570/conflicts","importantCases":"/api/acts/asic-class-order-co-07-570/important-cases","documents":"/api/acts/asic-class-order-co-07-570/documents"}}