{"id":"F2007B01028","name":"ASIC Class Order [CO 91/27]","slug":"asic-class-order-co-91-27","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62485,"registerId":"commonwealth-F2007B01028-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 91/27]","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 COMMISSION\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAUSTRALIAN SECURITIES COMMISSION\n\n# CORPORATIONS LAW\n\nDECLARATION UNDER SUBSECTION 265A(1)\n\n \n\n \n\nPURSUANT to subsection 265A(1) of the Corporations Law, the AUSTRALIAN SECURITIES COMMISSION HEREBY DECLARES that the standard time for the purposes of section 265 of the Corporations Law shall be New South Wales standard time determined in accordance with the Standard Time Act 1987 of the State of New South Wales.\n\n \n\nDated 11th February 1991.\n\n \n\nThe Common Seal of the Australia )\n\nSecurities Commission was duly  )\n\naffixed hereto in accordance with  )\n\na resolution of the Commission  )\n\ndated 24 January 1991 in the   )\n\npresence of the Members: )\n\n \n\n \n\n \n\n![](image.002.png)![](image.001.png) \n\n \n\n \n\n![](image.003.png)![](image.003.png) \n\n91-00522\\L-5147GD\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2650},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1991 declaration establishing the scope. It performs exactly the single function stated in its purpose—setting NSW time as the standard reference time—and has not expanded beyond this original intent."},"complexity_factors":["Single sentence operative provision with no conditions or exceptions","Only one external statutory reference (Standard Time Act 1987 (NSW))","No defined terms or interpretation sections","Ultra-short length (approximately 80 words of substantive text)"],"plain_english_summary":"This Class Order fixes **New South Wales standard time** (Sydney time) as the official \"standard time\" for the entire country under the Corporations Law.\n\n**What it does:**\nWhenever the Corporations Law mentions \"standard time\" — for example, when setting deadlines for company reports or the timing of shareholder meetings — it legally means the time in New South Wales. This applies to all Australian companies, regardless of which state or territory they operate from.\n\n**Why this exists:**\nWithout this rule, a company in Perth might interpret a national deadline differently than one in Melbourne because of time zone differences. By linking \"standard time\" to NSW time (as defined by the *Standard Time Act 1987* (NSW)), the Australian Securities Commission ensured everyone works to the same clock for corporate law purposes.\n\n**In simple terms:** For corporate legal deadlines, Australia runs on Sydney time."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-91-27","history":"/api/acts/asic-class-order-co-91-27/history","analysis":"/api/acts/asic-class-order-co-91-27/analysis","conflicts":"/api/acts/asic-class-order-co-91-27/conflicts","importantCases":"/api/acts/asic-class-order-co-91-27/important-cases","documents":"/api/acts/asic-class-order-co-91-27/documents"}}