{"id":"F2013L00819","name":"Corporations (Derivatives) Determination 2013","slug":"corporations-derivatives-determination-2013","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":90502,"registerId":"commonwealth-F2013L00819-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name of determination","content":"#### 1 Name of determination\n\n  This determination is the Corporations (Derivatives) Determination 2013.","sortOrder":0},{"sectionNumber":"3","sectionType":"section","heading":"Authority","content":"#### 3 Authority\n\n  This determination is made under the Corporations Act 2001.","sortOrder":1},{"sectionNumber":"4","sectionType":"section","heading":"Derivatives for which rules may impose reporting requirements","content":"#### 4 Derivatives for which rules may impose reporting requirements\n\n  (1) This section:\n    (a) determines the classes of derivatives in relation to which reporting requirements may be imposed; and\n    (b) is made for subsection 901B(2) of the Corporations Act 2001.\n  (2) The classes of derivatives determined for that subsection are:\n    (a) commodity derivatives that are not electricity derivatives;\n    (b) credit derivatives;\n    (c) equity derivatives;\n    (d) foreign exchange derivatives;\n    (e) interest rate derivatives.","sortOrder":2},{"sectionNumber":"5","sectionType":"section","heading":"Derivatives for which rules may impose clearing requirements","content":"#### 5 Derivatives for which rules may impose clearing requirements\n\n  (1) This section:\n    (a) determines the classes of derivatives in relation to which clearing requirements may be imposed; and\n    (b) is made for subsection 901B(2) of the Corporations Act 2001.\n  (2) The classes of derivatives determined for that subsection are interest rate derivatives denominated in any of the following currencies:\n    (a) Australian dollars;\n    (b) US dollars;\n    (c) euros;\n    (d) British pounds;\n    (e) Japanese yen.","sortOrder":3}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2092},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 2013 determination and maintains its intended scope of specifying which derivative classes are subject to reporting and clearing obligations under the Corporations Act framework."},"complexity_factors":["Simple enumerative structure with lists of derivative classes and currencies","No conditional logic, exceptions, or nested definitions","Only two operative sections (4 and 5) with single cross-reference to Corporations Act 2001","No interpretation section or defined terms within the instrument"],"plain_english_summary":"This rule designates which derivatives must meet enhanced transparency and safety rules under the Corporations Act, affecting banks, financial institutions and large corporates that trade these products. It requires reporting of major derivative types (commodities except electricity, credit, equity, FX, and interest-rate derivatives) and mandates central clearing for interest-rate derivatives denominated in AUD, USD, EUR, GBP or JPY.\n\nThe aim is to let regulators monitor systemic risk and reduce contagion by routing key trades through a central clearing house."}},"importantCases":[],"_links":{"self":"/api/acts/corporations-derivatives-determination-2013","history":"/api/acts/corporations-derivatives-determination-2013/history","analysis":"/api/acts/corporations-derivatives-determination-2013/analysis","conflicts":"/api/acts/corporations-derivatives-determination-2013/conflicts","importantCases":"/api/acts/corporations-derivatives-determination-2013/important-cases","documents":"/api/acts/corporations-derivatives-determination-2013/documents"}}