{"id":"F2012L00986","name":"ASIC Class Order [CO 12/416]","slug":"asic-class-order-co-12-416","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":89328,"registerId":"commonwealth-F2012L00986-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 12/416]","content":"Australian Securities and Investments Commission\n\nCorporations Act 2001 — Paragraph 1020F(1)(c) — Declaration\n\nEnabling legislation\n\n1. The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) of the Corporations Act 2001 (the Act).\n\nTitle\n\n2. This instrument is ASIC Class Order \\[CO 12/416\\].\n\nCommencement\n\n3. This instrument is taken to commence immediately after the last lodgment day for ASIC Class Order \\[CO 04/1030\\].\n\nDeclaration\n\n4. ASIC makes the declaration set out in ASIC Class Order \\[CO 04/1030\\] as in force on the last lodgment day for that instrument.\n\n5. Paragraph 4 ceases to have effect immediately before the commencement of ASIC Class Order \\[CO 12/415\\].\n\nInterpretation\n\n6. In this instrument, last lodgment day means, in relation to an instrument, the last day for lodging the instrument as originally made for registration under Division 3 of Part 4 of the Legislative Instruments Act 2003.\n\nDated this 26th day of April 2012\n\nSigned by Stephen Yen PSM\n\nas a delegate of the Australian Securities and Investments Commission","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1607},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow purpose as a short-term transitional bridge between the expiration of Class Order [CO 04/1030] and the commencement of Class Order [CO 12/415]."},"complexity_factors":["Heavy reliance on external references to two other ASIC class orders without reproducing their content","Technical timing mechanism based on 'last lodgment day' for legislative instrument registration under the Legislative Instruments Act 2003","Transitional nature requires understanding of the interplay between multiple instruments"],"plain_english_summary":"**What this does**\nThis instrument acts as a temporary bridge to prevent a regulatory gap. It continues the effect of an older ASIC declaration (Class Order [CO 04/1030]) so that financial products or services relying on that declaration remain covered until a new instrument ([CO 12/415]) takes over.\n\n**Who it affects**\nFinancial product issuers and service providers who were relying on the 2004 class order for specific exemptions or modifications to disclosure requirements under the Corporations Act.\n\n**Why it matters**\nWithout this order, the protections or exemptions in the 2004 declaration would have expired before the replacement rules began, potentially leaving affected businesses in breach of disclosure requirements. The instrument automatically ceases once the replacement class order commences."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-12-416","history":"/api/acts/asic-class-order-co-12-416/history","analysis":"/api/acts/asic-class-order-co-12-416/analysis","conflicts":"/api/acts/asic-class-order-co-12-416/conflicts","importantCases":"/api/acts/asic-class-order-co-12-416/important-cases","documents":"/api/acts/asic-class-order-co-12-416/documents"}}