{"id":"F2007B01017","name":"ASIC Class Order [CO 98/67]","slug":"asic-class-order-co-98-67","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62480,"registerId":"commonwealth-F2007B01017-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 98/67]","content":"Australian Securities and Investments Commission\n\nCorporations Law — Subsection 111AT — Exemption\n\nPursuant to section 111AT of the Corporations Law (\"the Law\") the Australian Securities and Investments Commission (\"ASIC\") hereby exempts from all disclosing entity provisions in so far as they relate to those securities each person who has been exempted by ASIC from compliance with Chapter 5C of the Law in relation to securities issued or proposed to be issued by a charitable body or the trustee of a charitable body.\n\nInterpretation\n\nFor the purposes of this instrument:\n\n\"charitable body\" means a person who is, or a body or fund which is:\n\n(a) exempt from income tax by virtue of sections 50-5 or 50-30 of the Income Tax Assessment Act 1997 or provisions which correspond to them; or\n\n(b) a person, body or fund to whom a gift is an allowable deduction for the purposes of calculating the taxable income of a person making the gift by virtue of section 30-15 Item 1 or 2 of the Income Tax Assessment Act 1997 or provisions which correspond to them; or\n\n(c) otherwise recognised in law as being constituted for religious, educational, community or other charitable purposes;\n\nDated the 10th day of July 1998\n\nSigned by George Durbridge\n\nas delegate of the Australian Securities and Investments Commission.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1723},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument remains tightly focused on its original purpose: extending exemptive relief from disclosing entity provisions only to those charitable bodies that have already obtained exemptions from managed investment scheme rules. No evidence of scope expansion beyond this narrow administrative function."},"complexity_factors":["Conditional operation depends on prior exemption having been granted under Chapter 5C","Definition of 'charitable body' requires reference to external tax legislation (Income Tax Assessment Act 1997)","Uses superseded terminology ('Corporations Law' rather than current 'Corporations Act 2001')"],"plain_english_summary":"This order exempts certain charities (or their trustees) that issue securities from \"disclosing entity\" financial disclosure rules — but only if they already hold ASIC’s exemption from Chapter 5C managed investment scheme rules. “Charitable body” is broadly defined to include income-tax-exempt charities, organisations with tax-deductible donations, and bodies recognised for religious, educational, community or other charitable purposes. It prevents charities from facing corporate disclosure obligations designed for profit-making issuers, cutting compliance costs for fundraising."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-98-67","history":"/api/acts/asic-class-order-co-98-67/history","analysis":"/api/acts/asic-class-order-co-98-67/analysis","conflicts":"/api/acts/asic-class-order-co-98-67/conflicts","importantCases":"/api/acts/asic-class-order-co-98-67/important-cases","documents":"/api/acts/asic-class-order-co-98-67/documents"}}