{"id":"F2017L00314","name":"ASIC Corporations (Repeal) Instrument 2017/273","slug":"asic-corporations-repeal-instrument-2017-273","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439154,"registerId":"F2017L00314-fast-fetch-1775955271586","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2017/273","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 2017/273\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate: 21 March 2017\n\n \n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc477191419)\n\n[1 Name of legislative instrument](#_Toc477191420)\n\n[2 Commencement](#_Toc477191421)\n\n[3 Authority](#_Toc477191422)\n\n[4 Schedules](#_Toc477191423)\n\n[5 Repeal of amending and repealing instruments](#_Toc477191424)\n\n[Schedule 1—Repeals](#_Toc477191425)\n\n[ASIC Class Order [CO 00/2460]](#_Toc477191426)\n\n[ASIC Class Order [CO 02/237]](#_Toc477191427)\n\n[ASIC Class Order [CO 02/315]](#_Toc477191428)\n\n[ASIC Class Order [CO 03/104]](#_Toc477191429)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Repeal) Instrument 2017/273.\n\n2 Commencement\n\nThis instrument commences on the later of:\n\n(a) the day it is gazetted; 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 subsections 601QA(1) and 1020F(1) and paragraph 911A(2)(1) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in the Schedule.\n\n5 Repeal of amending and repealing instruments\n\n(1) The repeal of an instrument by section 4 does not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 00/2460]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n\nASIC Class Order [CO 02/237]\n\n2 The whole of the instrument\n\nRepeal the instrument.\n\nASIC Class Order [CO 02/315]\n\n3 The whole of the instrument\n\nRepeal the instrument.\n\nASIC Class Order [CO 03/104]\n\n4 The whole of the instrument\n\nRepeal the instrument.\n\n \n\n \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":2,"scope_assessment":{"changed":false,"description":"The instrument performs exactly its stated function: repealing four specific class orders. There is no scope creep or expansion beyond this housekeeping purpose."},"complexity_factors":["Very short instrument (approximately 1.5 pages of substantive content)","Only 5 operative sections, with minimal conditional logic","No defined terms section","Simple structure: preliminary provisions + schedule of repeals","Single cross-reference to Acts Interpretation Act 1901 (standard savings provision)","No nested exceptions or complex regulatory conditions in the instrument itself (though the repealed instruments may have been complex)"],"plain_english_summary":"This instrument simply repeals four old ASIC class orders, removing obsolete exemptions or reliefs from the statute book. \n\nIt mainly affects financial services firms that relied on those class orders — they should check whether alternative relief or compliance steps are needed. The repeal reduces red tape and clarifies legal certainty; a safeguard preserves any prior amendments those class orders made to other instruments so old changes aren’t unintentionally reversed."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument confines its effect to repeal of the listed class orders (s 4; Schedule 1) and does not broaden regulatory powers or impose new obligations. Subsection 5 preserves the prior legal consequences of amendments made by the repealed instruments, limiting unintended scope change (s 5)."},"complexity_factors":["Narrow legal operation: instrument only repeals specified class orders (s 4; Schedule 1).","Few provisions: standard commencement (s 2), authority (s 3) and savings rule (s 5).","Indirect complexity for regulated parties: practical effects depend on the content of the repealed class orders (Schedule 1), which are external to this instrument.","Potential need for subsequent action: affected entities may need to apply for new relief or adjust compliance, increasing administrative burden.","Minimal discretion in the instrument itself; decision-making authority is statutory (s 3) and the instrument records an ASIC delegate's act."],"plain_english_summary":"This instrument repeals four specified ASIC class orders, removing those class-based modifications and restoring the default Corporations Act requirements (s 4; Schedule 1). It takes effect on gazettal or registration (s 2) and is made under Corporations Act powers (s 3).\n\nEntities that relied on the repealed class orders must now comply with the underlying Act or seek fresh relief, which may raise compliance costs and administrative steps. Subsection 5 preserves the effect of any prior amendments made by the repealed instruments (s 5)."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2017-273","history":"/api/acts/asic-corporations-repeal-instrument-2017-273/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2017-273/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2017-273/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2017-273/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2017-273/documents"}}