{"id":"F2008L04270","name":"ASIC Class Order [CO 08/781]","slug":"asic-class-order-co-08-781","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":76266,"registerId":"commonwealth-F2008L04270-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Exemption","sectionType":"part","heading":"Exemption","content":"# Exemption\n\n4. This exemption applies where:\n\n(a) a document has set out in it 2 or more Product Disclosure Statements or Supplementary Product Disclosure Statements for warrants; and\n\n(b) the responsible person for each Statement is the same.\n\n5. The responsible person for the Statements does not have to comply with subsection 1015D(2) of the Act in relation to any of the Statements for the event referred to in paragraph 1015D(2)(c) until all the warrants to which the Statements relate cease to be available to be recommended or offered to new clients in a recommendation, issue or sale situation.","sortOrder":0},{"sectionNumber":"Interpretation","sectionType":"part","heading":"Interpretation","content":"## Interpretation\n\n6. In this instrument:\n\ndocument includes, in relation to a Product Disclosure Statement, 2 or more separate documents given at the same time which make up the Statement in accordance with section 1013L of the Act.\n\nissue situation has the meaning given by subsection 1012B(2) of the Act.\n\nrecommendation situation has the meaning given by subsection 1012A(2) of the Act.\n\nresponsible person has the same meaning as in Division 2 of Part 7.9 of the Act (see subsection 1013A(3)).\n\nsale situation has the meaning given by subsection 1012C(2) of the Act.\n\nwarrant has the meaning given by subregulation 1.0.02(1) of the Corporations Regulations 2001.\n\nDated this 28th day of October 2008\n\nSigned by Stephen Yen, PSM  \nas a delegate of the Australian Securities and Investments Commission","sortOrder":1}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2015},"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow scope as a specific technical exemption for bundled warrant Product Disclosure Statements, with no evidence of expansion beyond the original regulatory relief intent."},"complexity_factors":["Six external statutory cross-references requiring knowledge of the Corporations Act and Regulations","Conditional logic requiring satisfaction of two cumulative tests in clause 4","Temporal limitation creating a deferred compliance trigger ('until all warrants cease to be available')","Reliance on defined terms from Division 2 of Part 7.9 of the Act for core concepts"],"plain_english_summary":"This order lets warrant issuers delay immediate ASIC defect notifications when multiple warrant PDSs are bundled into a single document by the same issuer. Instead of notifying ASIC for each defective PDS as discovered, the issuer may wait until the entire bundled set is no longer offered or recommended. It reduces duplicate filings when withdrawing related warrant products."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-08-781","history":"/api/acts/asic-class-order-co-08-781/history","analysis":"/api/acts/asic-class-order-co-08-781/analysis","conflicts":"/api/acts/asic-class-order-co-08-781/conflicts","importantCases":"/api/acts/asic-class-order-co-08-781/important-cases","documents":"/api/acts/asic-class-order-co-08-781/documents"}}