ASIC Class Order [CO 98/60]
1ASIC Class Order [CO 98/60]
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Australian Securities and Investments Commission
Corporations Law Paragraph 601QA(1)(b) Declaration
Pursuant to paragraph 601QA(1)(b) of the Corporations Law ("Law") the Australian Securities and Investments Commission hereby declares that Chapter 5C applies to each responsible entity as if the following words were added at the end of subsection 601GC(1) of the Law:
"If the constitution of a scheme sets out a procedure for varying or cancelling rights of a class of members of the scheme, or rights attached to a class of interests under the scheme, those rights may be varied or cancelled by a resolution under paragraph (a) only if that procedure is complied with."
Dated 10th day of July 1998
Signed by George Durbridge
as delegate of the Australian Securities and Investments Commission