{"id":"F2016L00203","name":"ASIC Corporations (Amendment and Repeal) Instrument 2016/66","slug":"asic-corporations-amendment-and-repeal-instrument-2016-66","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438554,"registerId":"F2016L00203-fast-fetch-1775954933616","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Amendment and Repeal) Instrument 2016/66","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Corporations (Amendment and Repeal) Instrument 2016/66\n\nI, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  23 February 2016\n\n \n\nGrant Moodie\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc443659892)\n\n[1 Name of legislative instrument](#_Toc443659893)\n\n[2 Commencement](#_Toc443659894)\n\n[3 Authority](#_Toc443659895)\n\n[4 Schedules](#_Toc443659896)\n\n[Schedule 1—Amendment](#_Toc443659897)\n\n[ASIC Class Order [CO 05/1270]](#_Toc443659898)\n\n[Schedule 2—Repeals](#_Toc443659899)\n\n[ASIC Class Order [CO 02/968]](#_Toc443659900)\n\n[ASIC Class Order [CO 06/636]](#_Toc443659901)\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is ASIC Corporations (Amendment and Repeal) Instrument 2016/66.\n\n2 Commencement\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislative Instruments.\n\nNote: The register may be accessed at [www.comlaw.gov.au](http://www.comlaw.gov.au).\n\n3 Authority\n\nThis instrument is made under subsections 341(1) and 1020F(1) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned.\n\nSchedule 1—Amendment\n\nASIC Class Order [CO 05/1270]\n\n1 Paragraph 6 (definition of eligible instrument)\n\nOmit paragraph (f).\n\nSchedule 2—Repeals\n\nASIC Class Order [CO 02/968]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n\nASIC Class Order [CO 06/636]\n\n2 The whole of the instrument\n\nRepeal the instrument.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2480},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the limited housekeeping function described in its title. It does not expand beyond the stated purpose of amending and repealing specific Class Orders."},"complexity_factors":["Extremely short (only 4 operative provisions across two schedules)","Single mechanical amendment (omitting one sub-paragraph)","Straightforward repeal of entire instruments without transitional provisions","No conditional logic, exceptions, or detailed definitions within the instrument itself","Relies on external knowledge of the target Class Orders for full context"],"plain_english_summary":"This instrument streamlines ASIC's rulebook by narrowing the \"eligible instrument\" definition in CO 05/1270 (removing paragraph (f)) and repealing two older class orders (CO 02/968 and CO 06/636). \n\nIt affects financial services firms that relied on those exemptions — they should check reliance and update compliance. It’s primarily regulatory housekeeping to reduce outdated exemptions and clarify current obligations."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-amendment-and-repeal-instrument-2016-66","history":"/api/acts/asic-corporations-amendment-and-repeal-instrument-2016-66/history","analysis":"/api/acts/asic-corporations-amendment-and-repeal-instrument-2016-66/analysis","conflicts":"/api/acts/asic-corporations-amendment-and-repeal-instrument-2016-66/conflicts","importantCases":"/api/acts/asic-corporations-amendment-and-repeal-instrument-2016-66/important-cases","documents":"/api/acts/asic-corporations-amendment-and-repeal-instrument-2016-66/documents"}}