{"id":"F2007B01002","name":"ASIC Class Order [CO 98/1806]","slug":"asic-class-order-co-98-1806","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62467,"registerId":"commonwealth-F2007B01002-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 98/1806]","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission\n\n\nCorporations Law Paragraph 601QA(1)(b) - Declaration\n\n \n\nPursuant to paragraph 601QA(1)(b) of the Corporations Law (\"the Law\") the Australian Securities and Investments Commission hereby declares that Chapter 5C of the Law applies to a responsible entity of a registered scheme and a member of the compliance committee of a registered scheme as if:\n\n \n\n(a)                  in subsection 601JB(3), \"and paragraph 4(a)\" were inserted after \"2(a)\"; and\n\n \n\n(b)                  subsection 601JB(4) were modified or varied by the insertion of \"or a related body corporate\" after \"responsible entity\" wherever appearing.\n\n \n\n \n\n \n\nDated this 2nd day of October 1998\n\n \n\n \n\n \n\nSigned by Brendan Byrne\n\nas delegate of the Australian Securities and Investments Commission\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1613},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This Class Order represents a targeted technical amendment to specific subsections of the Corporations Law. It does not represent a scope expansion beyond its original purpose of modifying conflict-of-interest disclosure requirements."},"complexity_factors":["Cross-references to specific subsections of the Corporations Law (601JB) without reproducing the source text","Assumes technical knowledge of terms like 'related body corporate', 'responsible entity', and 'registered scheme'","Declarative format with minimal explanatory context—requires external understanding of the underlying regulatory framework"],"plain_english_summary":"This Class Order tightens conflict-of-interest rules in section 601JB of the Corporations Act for responsible entities and their compliance committee members who run registered managed investment schemes. It clarifies disclosure references and extends the rule to related bodies corporate, preventing conflicts being routed through parents, subsidiaries or affiliates. The change aims to better protect scheme investors by closing that loophole."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-98-1806","history":"/api/acts/asic-class-order-co-98-1806/history","analysis":"/api/acts/asic-class-order-co-98-1806/analysis","conflicts":"/api/acts/asic-class-order-co-98-1806/conflicts","importantCases":"/api/acts/asic-class-order-co-98-1806/important-cases","documents":"/api/acts/asic-class-order-co-98-1806/documents"}}