{"id":"F2016L00793","name":"ASIC Corporations (Repeal) Instrument 2016/391","slug":"asic-corporations-repeal-instrument-2016-391","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438731,"registerId":"F2016L00793-fast-fetch-1775955033333","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2016/391","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: Draft KMP repeal instrument\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Corporations (Repeal) Instrument 2016/391\n\nI, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  12 May 2016\n\n \n\nGrant Moodie\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc450808229)\n\n[1 Name of legislative instrument](#_Toc450808230)\n\n[2 Commencement](#_Toc450808231)\n\n[3 Authority](#_Toc450808232)\n\n[4 Schedules](#_Toc450808233)\n\n[Schedule 1—Repeals](#_Toc450808234)\n\n[ASIC Class Order [CO 14/632]](#_Toc450808235)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Repeal) Instrument 2016/391.\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 section 341 of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule.\n\nSchedule 1—Repeals\n\nASIC Class Order [CO 14/632]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1718},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument maintains its narrow, singular purpose of repealing Class Order 14/632. There is no expansion beyond this straightforward administrative removal of the previous exemption."},"complexity_factors":["Single operative provision (repeal of one instrument)","No definitions or interpretation section","No conditional logic, exceptions, or cross-references","Straightforward administrative action with no substantive regulatory content"],"plain_english_summary":"**What this does**\nThis instrument cancels a previous regulatory exemption (known as a \"class order\") issued by ASIC. Specifically, it repeals ASIC Class Order [CO 14/632], which had provided certain companies with relief from disclosing details about Key Management Personnel (KMP) remuneration (executive pay and benefits).\n\n**Who it affects**\nCompanies that were relying on Class Order [CO 14/632] to reduce their financial reporting obligations. Once this repeal takes effect, these entities must comply with the standard disclosure requirements in the *Corporations Act 2001*.\n\n**Why it matters**\nThe repeal removes the exemption, meaning affected companies must now provide full transparency about executive compensation in their financial reports. This ensures investors receive complete information about senior management remuneration."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2016-391","history":"/api/acts/asic-corporations-repeal-instrument-2016-391/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2016-391/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2016-391/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2016-391/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2016-391/documents"}}