{"id":"F2014L01449","name":"ASIC Class Order [CO 14/978]","slug":"asic-class-order-co-14-978","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":128688,"registerId":"commonwealth-F2014L01449-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 14/978]","content":"Australian Securities and Investments Commission\n\nCorporations Act 2001 – Subsection 741(1) \\- Declaration\n\nEnabling legislation\n\n1. The Australian Securities and Investments Commission (ASIC) makes this instrument under subsections 741(1) of the Corporations Act 2001 (the Act).\n\nTitle\n\n2. This instrument is ASIC Class Order \\[CO 14/978\\].\n\nCommencement\n\n3. This instrument commences on the day 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, section 4 (definition of register). The FRLI may be accessed at [http://www.frli.gov.au/](http://www.frli.gov.au/).\n\nDeclaration\n\n4. Chapter 6D of the Act applies to all persons as if subsection 708(5) were modified or varied by, after paragraph (a), inserting:\n\n“(aa) do not need a disclosure document because of an instrument made under section 741; or”.\n\nWhere this instrument applies\n\n5. This instrument applies in relation to an arrangement covered by:\n\n(a) ASIC Class Order \\[CO 14/1000\\]; or\n\n(b) ASIC Class Order \\[CO 14/1001\\].\n\nDated this 27th day of October 2014\n\nSigned by Grant Moodie  \nas a delegate of the Australian Securities and Investments Commission","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1816},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This Class Order remains tightly scoped to its original purpose of creating a technical exemption for specific arrangements covered by [CO 14/1000] and [CO 14/1001]."},"complexity_factors":["Cross-references to two external Class Orders without reproducing their content","Assumes knowledge of Chapter 6D disclosure document requirements in the Corporations Act","Single mechanical amendment with minimal conditional logic","Only 5 operative sections"],"plain_english_summary":"This Class Order creates a legal exemption allowing certain financial offers to proceed without a disclosure document. It principally affects companies running employee share schemes or workplace incentive programs covered by ASIC’s earlier instruments (CO 14/1000 and CO 14/1001) by inserting an exemption into section 708(5) to recognise ASIC exemption instruments made under section 741 of the Corporations Act."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-14-978","history":"/api/acts/asic-class-order-co-14-978/history","analysis":"/api/acts/asic-class-order-co-14-978/analysis","conflicts":"/api/acts/asic-class-order-co-14-978/conflicts","importantCases":"/api/acts/asic-class-order-co-14-978/important-cases","documents":"/api/acts/asic-class-order-co-14-978/documents"}}