{"id":"F2015L01186","name":"ASIC Corporations (Repeal) Instrument 2015/681","slug":"asic-corporations-repeal-instrument-2015-681","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438371,"registerId":"F2015L01186-fast-fetch-1775954825999","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2015/681","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 2015/681\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate 23 July 2015\n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\nPart 1—Preliminary \n\n1 Name of legislative instrument.....................................\n\n2 Commencement................................................\n\n3 Authority.....................................................\n\n4 Schedules.....................................................\n\nSchedule 1—Repeal \n\nASIC Class Order [CO 10/1219].....................................\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is the ASIC Corporations (Repeal) Instrument 2015/681.\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 paragraphs 951B(1)(c) and 1020F(1)(c) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in the Schedule to this instrument is repealed as set out in the applicable items in the Schedule.\n\nSchedule 1—Repeal\n\nASIC Class Order [CO 10/1219]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1475},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs a narrow, straightforward repeal of a single class order without expanding beyond this specific administrative purpose."},"complexity_factors":["Single operative provision consisting of one sentence ('Repeal the instrument')","No definitions or interpretation section","No conditional logic, exceptions, or application provisions","Only one external reference (the repealed Class Order)"],"plain_english_summary":"ASIC is **scrapping a previous exemption** (called Class Order [CO 10/1219]) that modified how the Corporations Act 2001 applied to certain businesses.\n\n**What this means:**\n- Any special relief, exemptions, or modifications provided by the old Class Order **no longer apply**.\n- Businesses that were relying on that specific exemption must now follow the standard rules in the Corporations Act, unless they qualify for different relief.\n\n**Who is affected:**\n- Companies, financial service providers, or other entities that were operating under the authority of Class Order [CO 10/1219].\n\n**Key takeaway:**\nIf you were relying on this specific exemption, you need to urgently check that you are still compliant with the law now that the relief has been removed."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2015-681","history":"/api/acts/asic-corporations-repeal-instrument-2015-681/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2015-681/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2015-681/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2015-681/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2015-681/documents"}}