{"id":"F2016L00434","name":"ASIC Corporations (Repeal) Instrument 2016/230","slug":"asic-corporations-repeal-instrument-2016-230","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438653,"registerId":"F2016L00434-fast-fetch-1775954988032","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2016/230","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 2016/230\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDated 21 March 2016\n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc445981944)\n\n[1 Name of legislative instrument](#_Toc445981945)\n\n[2 Commencement](#_Toc445981946)\n\n[3 Authority](#_Toc445981947)\n\n[4 Schedules](#_Toc445981948)\n\n[Schedule 1—Repeals](#_Toc445981949)\n\n[ASIC Class Order [CO 05/1122]](#_Toc445981950)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is ASIC Corporations (Repeal) Instrument 2016/230.\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 paragraphs 926A(2)(a) and 951B(1)(a) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in the Schedule.\n\n5 Repeal of amending and repealing instruments\n\n(1) The repeal of an instrument by section 4 does not affect any amendment to or 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 05/1122]\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":2543},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the function described in its title and recitals—the repeal of ASIC Class Order [CO 05/1122]. There is no expansion beyond this straightforward repeal, no insertion of replacement provisions, and no policy drift from the original intent to remove the specified class order from the statute books."},"complexity_factors":["Single, unambiguous operation: repealing one specific instrument in its entirety","Extremely short length (under 400 words across all sections)","Zero defined terms or interpretive provisions","Only one substantive provision (Schedule 1) plus standard savings provision in section 5","No conditional logic, exceptions to exceptions, or nested operative provisions"],"plain_english_summary":"This instrument **cancels (repeals) an older regulatory decision** made by ASIC known as Class Order [CO 05/1122].\n\nASIC Class Orders typically give specific businesses or individuals **relief** from licensing requirements under the Corporations Act, or declare that certain consumer protection laws don't apply to particular situations. By repealing CO 05/1122, ASIC is removing that specific exemption or regulatory relief from the law books.\n\n**What this means:**\n- Any businesses relying on the special treatment granted by CO 05/1122 will no longer have that protection once this repeal takes effect\n- The repeal commences automatically the day after this instrument is registered on the Federal Register of Legislation\n- Actions taken lawfully under the old class order before the repeal generally remain valid (protected by the savings provision in section 5)\n\nThis is essentially regulatory housekeeping—removing outdated or unnecessary exemptions from the financial services and credit licensing framework."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2016-230","history":"/api/acts/asic-corporations-repeal-instrument-2016-230/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2016-230/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2016-230/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2016-230/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2016-230/documents"}}