{"id":"F2012L00462","name":"ASIC Class Rule Waiver [CW 12/233]","slug":"asic-class-rule-waiver-cw-12-233","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":88616,"registerId":"commonwealth-F2012L00462-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Rule Waiver [CW 12/233]","content":"Australian Securities and Investments Commission  \nASIC Market Integrity Rules (Competition in Exchange Markets) 2011 – Rule 1.2.1(1) – Class Rule Waiver - Variation\n\n1. Enabling legislation\n\nThe Australian Securities and Investments Commission makes this instrument under Rule 1.2.1(1) of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011.\n\n2. Title\n\nThis instrument is ASIC Class Rule Waiver \\[CW 12/233\\].\n\n3 Commencement\n\nThis instrument commences on the day it is registered under the Legislative Instruments Act 2003.\n\n> Note: An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register). The FRLI may be accessed at [http://www.frli.gov.au/](http://www.frli.gov.au/).\n\n4. Variation\n\nASIC Class Rule Waiver \\[CW 11/1103\\] is varied by, in paragraph 5, omitting “during the period from 31 October 2011 to 1 March 2012 (inclusive),”.\n\nDated this 28th day of February 2012\n\nSigned by Mark Adams\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":1985},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument maintains the original substantive scope of the waiver but extends its temporal application indefinitely. No new regulatory relief is created, and the class of affected persons remains unchanged."},"complexity_factors":["Single, straightforward amendment (deletion of one temporal clause)","No defined terms within the instrument itself","Extremely short length (4 operative sections)","Relies on external context (previous waiver CW 11/1103) for full effect"],"plain_english_summary":"**What this does**\n\nThis instrument extends a previous class rule waiver by removing its expiry date, making the exemption ongoing rather than temporary.\n\n**The details**\n\nASIC previously granted a class waiver (CW 11/1103) that only applied for a specific period—between 31 October 2011 and 1 March 2012. This document varies that earlier decision by deleting the time restriction from paragraph 5.\n\n**Why it matters**\n\nClass waivers allow multiple financial market participants to be exempt from certain regulatory requirements without each entity needing to apply individually. By removing the end date, ASIC ensures that eligible parties can continue relying on the exemption beyond the original deadline.\n\n**Who it affects**\n\nFinancial market operators and participants who were covered by the original class waiver.\n\n**Legal basis**\n\nMade under Rule 1.2.1(1) of the *ASIC Market Integrity Rules (Competition in Exchange Markets) 2011*, which gives ASIC power to waive compliance with specific market integrity rules."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-rule-waiver-cw-12-233","history":"/api/acts/asic-class-rule-waiver-cw-12-233/history","analysis":"/api/acts/asic-class-rule-waiver-cw-12-233/analysis","conflicts":"/api/acts/asic-class-rule-waiver-cw-12-233/conflicts","importantCases":"/api/acts/asic-class-rule-waiver-cw-12-233/important-cases","documents":"/api/acts/asic-class-rule-waiver-cw-12-233/documents"}}