{"id":"F2012L01517","name":"ASIC Class Order [CO 12/574]","slug":"asic-class-order-co-12-574","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":89499,"registerId":"commonwealth-F2012L01517-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 12/574]","content":"Australian Securities and Investments Commission  \nCorporations Act 2001 — Subsection 741(1)  \nand Paragraph 911A(2)(l) — Revocation\n\nEnabling legislation\n\n1. The Australian Securities and Investments Commission makes this instrument under subsection 741(1) and paragraph 911A(2)(l) of the Corporations Act 2001.\n\nTitle\n\n2. This instrument is ASIC Class Order \\[CO 12/574\\].\n\nCommencement\n\n3. This instrument commences on the later of:\n\n(a) the date it is registered under the Legislative Instruments Act 2003; and\n\n(b) the date of its gazettal.\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, section 4 (definition of register). The FRLI may be accessed at [http://www.frli.gov.au/](http://www.frli.gov.au/).\n\nRevocations\n\n4. ASIC revokes the following class orders:\n\n(a) ASIC Class Order \\[CO 00/184\\];\n\n(b) ASIC Class Order \\[CO 04/1570\\].\n\nDated this 28th day of June 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":2178},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This instrument performs exactly as intended—it simply revokes two specified class orders without expanding regulatory scope or adding new substantive requirements."},"complexity_factors":["Only 4 operative sections including title and commencement","No defined terms or interpretation section","Single straightforward operation (revocation of two named instruments)","No conditional logic, exceptions, or substantive cross-references","Standard commencement clause ('later of' registration or gazettal) is the only mild complexity"],"plain_english_summary":"This **ASIC Class Order** is regulatory housekeeping that **cancels two outdated exemption orders** (CO 00/184 and CO 04/1570) previously made under the *Corporations Act 2001*.\n\n**What it does:**\n*   Removes older exemptions that likely modified **disclosure requirements** (such as rules about prospectuses) or **financial services licensing** obligations\n*   Made using ASIC's powers under section 741(1) (disclosure documents) and paragraph 911A(2)(l) (licensing exemptions)\n\n**Who it affects:**\n*   Any companies or financial service providers who were relying on the old exemptions to avoid standard compliance requirements\n\n**Why it matters:**\n*   Businesses previously sheltering under these old orders must now either comply with the full law or seek fresh regulatory relief\n*   ASIC regularly reviews and revokes obsolete class orders to keep the regulatory framework current and reduce confusion from overlapping or outdated rules"}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-12-574","history":"/api/acts/asic-class-order-co-12-574/history","analysis":"/api/acts/asic-class-order-co-12-574/analysis","conflicts":"/api/acts/asic-class-order-co-12-574/conflicts","importantCases":"/api/acts/asic-class-order-co-12-574/important-cases","documents":"/api/acts/asic-class-order-co-12-574/documents"}}