{"id":"F2020L00895","name":"Coronavirus Economic Response Package (Deferral of Sunsetting—Treasury Portfolio Instruments) Determination 2020","slug":"coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":440547,"registerId":"F2020L00895-fast-fetch-1775956133761","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Coronavirus Economic Response Package (Deferral of Sunsetting—Treasury Portfolio Instruments) Determination 2020","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\ntitle: TSY/46/356\n---\n\n![](image.001.jpeg)\n\n \n\nCoronavirus Economic Response Package (Deferral of Sunsetting—Treasury Portfolio Instruments) Determination 2020\n\nI, Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology, make the following determination.\n\nDated 8 July 2020\n\n \n\nJane Hume\n\nAssistant Minister for Superannuation, Financial Services and Financial Technology\n\nParliamentary Secretary to the Treasurer\n\n \n\n \n\n \n\n \n\nContents\n\n1  Name \n\n2  Commencement\n\n3  Authority\n\n4  Definitions\n\n5  Deferral of original sunset day\n\n \n\n1  Name\n\n  This instrument is the Coronavirus Economic Response Package (Deferral of Sunsetting—Treasury Portfolio Instruments) Determination 2020.\n\n2  Commencement\n\n (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.\n\n \n\n- Commencement information\n- Column 1 Column 2 Column 3\n- Provisions Commencement Date/Details\n- 1. The whole of this instrument The day after this instrument is registered.\n\n\nNote: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.\n\n (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.\n\n3  Authority\n\n  This instrument is made under Schedule 16 to the Coronavirus Economic Response Package Omnibus Act 2020.\n\n4  Definitions\n\n  In this instrument:\n\nsunsetting instrument means any of the following:\n\n (a) ASIC Class Order [CO 10/407] (F2010L01522); and\n\n (b) ASIC Class Order [CO 10/654] (F2017C00172); and\n\n (c) Australian Securities and Investments Commission Act 2001 – Takeovers – Panel Procedural Rules (12/04/2010) (F2010L00948).\n\n5  Deferral of original sunset day\n\n  For the purposes of subitem 1(2) of Schedule 16 to the Coronavirus Economic Response Package Omnibus Act 2020, a sunsetting instrument continues to operate until the earlier of the following days (the later sunset day):\n\n (a) 1 April 2021; or\n\n (b) the day the instrument is repealed.\n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"This instrument alters the temporal scope of the listed instruments by continuing their operation until the earlier of 1 April 2021 or repeal (s5), thereby extending their effective duration beyond their original sunset dates under the parent Act (Schedule 16)."},"complexity_factors":["Single, narrowly focused substantive change: extends sunset date for a defined set of instruments (s5).","Cross-reference to parent legislation (Schedule 16 to the Coronavirus Economic Response Package Omnibus Act 2020) requires checking that Act for context (s3).","Definition lists three specific ‘sunsetting instrument’ items, so scope is precise but requires identifying those instruments (s4).","Routine commencement mechanics (instrument takes effect the day after registration) are formal but simple (s2).","No new regulatory duties or substantive regulatory content; change is temporal, reducing compliance complexity for affected parties."],"plain_english_summary":"This Determination delays the automatic expiry of three Treasury portfolio instruments — two ASIC class orders and the Takeovers Panel procedural rules — so they continue to operate until 1 April 2021 or until repealed (whichever is earlier) (s5). It takes effect the day after registration (s2) and is made under Schedule 16 of the Omnibus Act (s3), so firms, advisers and regulators can keep relying on existing relief and procedures for a longer period."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the narrow, temporary function described in its title and parent Act—deferring sunsetting dates for specific Treasury portfolio instruments during the COVID-19 pandemic. No scope creep detected."},"complexity_factors":["Very short instrument (5 sections, ~1 page)","Only 3 defined terms/instruments listed","Single operative provision with simple 'earlier of' date logic","No nested exceptions or conditional triggers","Minimal cross-referencing (only refers to parent Act for authority and mechanism)","Straightforward sunset extension mechanism—common COVID-19 legislative response pattern"],"plain_english_summary":"This temporary rule delays the automatic expiry of three COVID-era Treasury instruments—the two ASIC class orders (CO 10/407 and CO 10/654) and the Takeovers Panel Procedural Rules—by keeping them in force until 1 April 2021 (or earlier if repealed).  \n\nIt affects financial services firms, fund managers, corporations involved in takeovers, and regulators, and matters because it prevents a regulatory gap while the government reviews or replaces these measures during the pandemic."},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin","history":"/api/acts/coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin/history","analysis":"/api/acts/coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin/analysis","conflicts":"/api/acts/coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin/conflicts","importantCases":"/api/acts/coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin/important-cases","documents":"/api/acts/coronavirus-economic-response-package-deferral-of-sunsetting-treasury-portfolio-instruments-determin/documents"}}