{"id":"F2016L01292","name":"ASIC Corporations (Repeal) Instrument 2016/774","slug":"asic-corporations-repeal-instrument-2016-774","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438908,"registerId":"F2016L01292-fast-fetch-1775955132831","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2016/774","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 2016/774\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate: 12 August 2016\n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc458773891)\n\n[1 Name of legislative instrument](#_Toc458773892)\n\n[2 Commencement](#_Toc458773893)\n\n[3 Authority](#_Toc458773894)\n\n[4 Schedules](#_Toc458773895)\n\n[5 Repeal of amending and repealing instruments](#_Toc458773896)\n\n[Schedule 1—Repeals](#_Toc458773897)\n\n[ASIC Class Order [CO 02/226]](#_Toc458773898)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Repeal) Instrument 2016/774.\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 paragraph 601QA(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of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in the Schedule.\n\n5 Repeal of amending and repealing instruments\n\n(1) The repeal of an instrument by section 4 does not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 02/226]\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":1613},"content_quality":"ok","complexity_score":1,"rejection_reason":"","scope_assessment":{"changed":false,"description":"The instrument performs exactly as described in its title and preliminary provisions—repealing a specific class order without any expansion beyond this stated housekeeping purpose."},"complexity_factors":["Single operative provision (Schedule 1) performing one clear action","No defined terms or technical definitions","Minimal cross-references (only to standard interpretation Acts)","Less than 500 words total","No conditional logic, exceptions, or nested provisions"],"plain_english_summary":"**What this does**\nThis instrument is a \"housekeeping\" measure that repeals (cancels) **ASIC Class Order [CO 02/226]**, an older regulatory instrument from 2002. It removes outdated rules from the statute books to simplify Australia's financial services regulations.\n\n**Who it affects**\nThis only impacts businesses or individuals who were actively relying on the specific exemptions, modifications, or relief granted by Class Order [CO 02/226]. If you were not using that specific class order, this change will not affect you.\n\n**Key protections**\nEven though the old class order is being cancelled, **section 5** contains important safeguards ensuring that:\n- Any amendments the old class order made to other instruments remain valid\n- Previous actions taken under the class order are still legally effective\n\n**Legal basis**\nMade under the Corporations Act 2001, this is a standard regulatory clean-up tool used by ASIC to remove redundant rules."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2016-774","history":"/api/acts/asic-corporations-repeal-instrument-2016-774/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2016-774/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2016-774/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2016-774/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2016-774/documents"}}