{"id":"F2016L01622","name":"ASIC Corporations (Repeal) Instrument 2016/1005","slug":"asic-corporations-repeal-instrument-2016-1005","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438980,"registerId":"F2016L01622-fast-fetch-1775955177542","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2016/1005","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: ASIC Template (Amending or Repealing Legislative Instruments - April 2016)\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Corporations (Repeal) Instrument 2016/1005\n\nI, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  10 October 2016\n\n \n\n \n\nGrant Moodie\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc463863288)\n\n[1 Name of legislative instrument](#_Toc463863289)\n\n[2 Commencement](#_Toc463863290)\n\n[3 Authority](#_Toc463863291)\n\n[4 Schedules](#_Toc463863292)\n\n[5 Repeal of repealing instruments](#_Toc463863293)\n\n[Schedule 1—Repeals](#_Toc463863294)\n\n[ASIC Class Order [CO 02/0225]](#_Toc463863295)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Repeal) Instrument 2016/1005.\n\n2 Commencement\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislation.\n\nNote: The register may be accessed at [www.legislation.gov.au](http://www.legislation.gov.au).\n\n3 Authority\n\nThis instrument is made under subsections 741(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of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule.\n\n5 Repeal of repealing instruments\n\n(1) The repeal of an instrument by section 4 does not affect any repeal of another instrument (however described) made by the instrument.\n\n(2) Subsection (1) does not limit the effect of section 7 of the Acts Interpretation Act 1901 as it applies to the repeal of an instrument by section 4 of this instrument.\n\nSchedule 1—Repeals\n\nASIC Class Order [CO 02/0225]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function its title suggests: repealing a specific Class Order. There is no scope creep or expansion beyond this narrow housekeeping purpose."},"complexity_factors":["Extremely short: only 5 operative sections plus a single-item schedule","No defined terms section","No conditional logic or nested exceptions","Single, straightforward repeal operation","Only one cross-reference (to standard interpretation legislation in section 5(2))","No substantive regulatory content — purely mechanical repeal"],"plain_english_summary":"This instrument repeals ASIC Class Order CO 02/0225, removing an outdated regulatory instrument from the statute book. It does not introduce new rules—just cancels a superseded class order.\n\nIt mainly affects companies and financial services businesses that might have relied on the old order; ordinary people are unlikely to notice. Section 5 preserves prior repeals so earlier cancellations aren’t accidentally undone."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument's scope is confined to repealing the named class order (Schedule 1). It does not add new obligations or expand regulatory powers; it simply removes the specified instrument while preserving any repeals that instrument had effected (cl.5)."},"complexity_factors":["Very short instrument (5 substantive clauses plus a single-item Schedule)","Clear commencement rule: day after registration (cl.2)","Express statutory authority cited (Corporations Act ss.741(1) and 1020F(1)) (cl.3)","Single, simple operation: repeal of named instrument in Schedule 1 (cl.4; Schedule 1)","Savings/interaction clause preserves any repeals made by the repealed instrument (cl.5), requiring limited cross-checking with Acts Interpretation Act consequences","Limited downstream complexity depends on the legal content and dependencies of the specific class order repealed (CO 02/0225)"],"plain_english_summary":"This instrument, made by ASIC under the Corporations Act (ss.741(1) and 1020F(1)), repeals the legislative instrument listed in its Schedule—ASIC Class Order CO 02/0225—and takes effect the day after registration. It removes that class order from the statute book, affecting persons or businesses who relied on it; ASIC implements the repeal and section 5 preserves any repeals that the now‑repealed instrument itself had made. Downstream compliance effects depend on the content of the repealed class order."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2016-1005","history":"/api/acts/asic-corporations-repeal-instrument-2016-1005/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2016-1005/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2016-1005/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2016-1005/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2016-1005/documents"}}