{"id":"F2016L01525","name":"ASIC Corporations (Repeal) Instrument 2016/819","slug":"asic-corporations-repeal-instrument-2016-819","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438959,"registerId":"F2016L01525-fast-fetch-1775955159482","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2016/819","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 2016/819\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate: 22 September 2016\n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc462315013)\n\n[1 Name of legislative instrument](#_Toc462315014)\n\n[2 Commencement](#_Toc462315015)\n\n[3 Authority](#_Toc462315016)\n\n[4 Schedules](#_Toc462315017)\n\n[5 Repeal of amending and repealing instruments](#_Toc462315018)\n\n[Schedule 1—Repeals](#_Toc462315019)\n\n[ASIC Class Order [CO 02/151]](#_Toc462315020)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is ASIC Corporations (Repeal) Instrument 2016/819\n\n2 Commencement\n\nThis instrument commences on the later of:\n\n(a) the date of its gazettal; and\n\n(b) 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 283GA(1)(a),601QA(1)(a), 741(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule.\n\n5 Repeal of amending and repealing instruments\n\n(1) The repeal of an instrument by section 4 does not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 02/151]\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"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"No. The instrument's sole operative effect is to repeal the instruments listed in its Schedule (s4 and Schedule 1). Section 5 clarifies that the repeal does not undo any amendments or repeals that the repealed instrument itself effected, but the instrument does not broaden or narrow regulatory powers beyond removing the listed instrument(s)."},"complexity_factors":["Narrow, schedule-based repeal of a single class order (Schedule 1).","Simple commencement rule tied to gazettal or registration (s2).","Savings/interpretation clause preserves any amendments or repeals the repealed instrument made to other instruments (s5(1)-(2)), adding a modest interpretive step.","Multiple Corporations Act subsections cited as legislative authority (s3), requiring alignment with those statutory powers.","No transitional or substantive regulatory replacements in the instrument — administrative change may shift compliance burden to affected entities."],"plain_english_summary":"This instrument instructs ASIC to repeal specified Corporations Act instruments listed in its Schedule. It takes effect on the later of its gazettal or the day after registration (s2) and, by Schedule 1, removes ASIC Class Order CO 02/151 in full. Repeal strips the listed instrument of legal effect and may force entities that relied on that class order to alter compliance arrangements; section 5 preserves any amendments or repeals that the repealed instrument itself made to other instruments."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function its title suggests — repealing a specific Class Order. There is no scope creep; it is a targeted, single-purpose regulatory cleanup instrument."},"complexity_factors":["Very short instrument (approximately 1.5 pages of substantive content)","Only 5 preliminary sections plus 1 schedule with a single repeal item","No defined terms section","Minimal conditional logic (only commencement trigger in section 2)","Single cross-reference to the Acts Interpretation Act 1901 in section 5(2)","Straightforward repeal mechanism with standard savings provision"],"plain_english_summary":"This instrument repeals ASIC Class Order CO 02/151, removing that regulatory relief from the Corporations Act framework. It affects businesses and individuals who relied on the class order (they may now need to comply with the underlying Act or seek new relief) and is part of ASIC’s housekeeping to simplify regulation. The repeal takes effect on gazettal or the day after federal registration (whichever is later) and preserves any past changes the order already made."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2016-819","history":"/api/acts/asic-corporations-repeal-instrument-2016-819/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2016-819/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2016-819/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2016-819/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2016-819/documents"}}