{"id":"F2018L00435","name":"ASIC Corporations (Repeal) Instrument 2018/193","slug":"asic-corporations-repeal-instrument-2018-193","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439571,"registerId":"F2018L00435-fast-fetch-1775955547892","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2018/193","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 2018/193\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate: 23rd March 2018\n\n \n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc509501218)\n\n[1 Name of legislative instrument](#_Toc509501219)\n\n[2 Commencement](#_Toc509501220)\n\n[3 Authority](#_Toc509501221)\n\n[4 Schedules](#_Toc509501222)\n\n[5 Repeal of amending and repealing instruments](#_Toc509501223)\n\n[Schedule 1—Repeals](#_Toc509501224)\n\n[ASIC Class Order [CO 07/753]](#_Toc509501225)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Repeal) Instrument 2018/193.\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 paragraphs 601QA(1)(a), 911A(2)(l), 1020F(1)(a) and 1020F(1)(c) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in the Schedule.\n\n5 Repeal of amending and repealing instruments\n\n(1) The repeal of an instrument by section 4 does not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 07/753]\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":"The instrument does not change scope beyond its stated purpose: it repeals the instrument listed in Schedule 1 (section 4 and Schedule 1). Section 5 preserves any amendments or repeals the listed instrument had already made to other instruments, and section 2 fixes commencement; there is no expansion of regulatory reach or addition of new measures."},"complexity_factors":["Very narrow scope — repeals a single listed instrument (Schedule 1: ASIC Class Order [CO 07/753]).","Simple commencement rule (section 2: later of gazettal and day after registration).","Made under specific Corporations Act powers (section 3 cites paragraphs 601QA(1)(a), 911A(2)(l), 1020F(1)(a) and 1020F(1)(c)).","Clause preserving any amendments or repeals effected by the repealed instrument (section 5(1)) adds a modest interpretive step.","Cross-reference to Acts Interpretation Act s7 in section 5(2) — a standard interpretive safeguard affecting legal effect on repeal.","No transitional or savings provisions included in the instrument — practical impact on regulated parties depends on checking other instruments and the Corporations Act.","Instrument is a delegated ASIC instrument (signed by ASIC delegate) — administrative origin is relevant for review or challenge."],"plain_english_summary":"This instrument formally revokes a single ASIC class order (ASIC Class Order [CO 07/753]), removing whatever regulatory relief that class order provided under the Corporations Act. It takes effect on the later of its gazettal or the day after registration on the Federal Register of Legislation. The change primarily affects people and businesses that relied on that class order: their regulatory position reverts to the underlying Corporations Act or other instruments unless separate relief is provided."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the function its title suggests: repealing a specific class order. There is no scope creep or expansion beyond this single housekeeping purpose."},"complexity_factors":["Very short instrument (approximately 1 page of substantive content)","Only 5 preliminary sections plus a single-item schedule","Single repeal operation with no conditional logic or exceptions","One saving provision (section 5) referencing the Acts Interpretation Act 1901","No defined terms section","No cross-references to other operative provisions within the instrument itself"],"plain_english_summary":"This instrument repeals ASIC Class Order CO 07/753, removing an outdated regulatory exemption. It chiefly affects businesses and financial professionals who relied on that class order — they should check whether they must now comply with the standard Corporations Act requirements.  \n\nThe repeal is mostly straightforward housekeeping, helping tidy the regulatory framework, but preserves any changes that CO 07/753 made to other instruments so those downstream effects remain in force."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2018-193","history":"/api/acts/asic-corporations-repeal-instrument-2018-193/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2018-193/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2018-193/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2018-193/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2018-193/documents"}}