Commonwealth legislation

ASIC Class Order [CO 04/967]

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This order temporarily exempts certain managed investment schemes that are disclosing entities from having to disclose director and senior executive remuneration under AASB 1046 for financial reports with periods ending between 30 June 2004 and 29 September 2004. It effectively delays that specific disclosure obligation for affected funds, easing the transition to the new reporting requirements.

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Current sections

Direct links to the current provisions in ASIC Class Order [CO 04/967].

ASIC Class Order [CO 04/967]

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Australian Securities and Investments Commission

Corporations Act 2001 - Subsection 341(1) – Order

Under subsection 341(1) of the Corporations Act 2001 the Australian Securities and Investments Commission relieves each registered scheme that is a disclosing entity from subsections 296(1) and 304 of that Act insofar as accounting standard AASB 1046 "Director and Executive Disclosures by Disclosing Entities" requires a financial report of the scheme for a financial year or half-year ending on a day between 30 June 2004 to 29 September 2004 (both inclusive) to disclose amounts relating to the remuneration of a director or executive of the scheme's responsible entity.

Dated this 6th day of August 2004

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.