{"id":"F2015L01830","name":"ASIC Corporations (Repeal) Instrument 2015/1050","slug":"asic-corporations-repeal-instrument-2015-1050","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438472,"registerId":"F2015L01830-fast-fetch-1775954888132","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2015/1050","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Corporations (Repeal) Instrument 2015/1050\n\nI, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  10 November 2015\n\n \n\n \n\nGrant Moodie\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc434938650)\n\n[1 Name of legislative instrument](#_Toc434938651)\n\n[2 Commencement](#_Toc434938652)\n\n[3 Authority](#_Toc434938653)\n\n[4 Schedules](#_Toc434938654)\n\n[Schedule 1—Repeals](#_Toc434938655)\n\n[ASIC Class Order [CO 00/213]](#_Toc434938656)\n\n[ASIC Class Order [CO 05/1243]](#_Toc434938657)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is ASIC Corporations (Repeal) Instrument 2015/1050.\n\n2 Commencement\n\nThis instrument commences on the later of:\n\n(a) the day of its gazettal; and\n\n(b) 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 subsection 741(1) and paragraph 911A(2)(l) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule.\n\nSchedule 1—Repeals\n\nASIC Class Order [CO 00/213]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n\nASIC Class Order [CO 05/1243]\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":1970},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the function stated in its title and authority provisions — repealing two specific class orders. There is no expansion of scope beyond the stated repeal purpose."},"complexity_factors":["Only 2 operational provisions (both simple repeals)","No definitions section or interpretation rules","No conditional logic, exceptions, or transitional provisions","Mechanism is a straightforward 'repeal the whole instrument' instruction","Total document is under 500 words with no cross-references to other legislation (except the enabling provisions in the authority section)"],"plain_english_summary":"**What this does**\nThis instrument scraps two old regulatory exemptions — **ASIC Class Order [CO 00/213]** and **ASIC Class Order [CO 05/1243]**.\n\n**What's a class order?**\nClass orders are blanket exemptions or rule modifications that ASIC issues under the *Corporations Act 2001*. Instead of applying for individual relief, businesses covered by a class order get automatic permission to do something differently (or skip a specific legal requirement).\n\n**Who is affected**\nAny companies or financial service providers that were relying on the specific exemptions or relief set out in those two old orders. Once repealed, those exemptions cease to exist.\n\n**Why it matters**\nThis is regulatory housekeeping. If you were operating under one of these old exemptions, you may now need to comply with the standard rules, apply for a new exemption, or operate under a different regulatory framework. The repeal removes outdated or redundant relief from the statute books."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2015-1050","history":"/api/acts/asic-corporations-repeal-instrument-2015-1050/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2015-1050/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2015-1050/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2015-1050/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2015-1050/documents"}}