Commonwealth legislation

ASIC Corporations (Amendment and Repeal) Instrument 2016/66

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 instrument streamlines ASIC's rulebook by narrowing the "eligible instrument" definition in CO 05/1270 (removing paragraph (f)) and repealing two older class orders (CO 02/968 and CO 06/636).

It affects financial services firms that relied on those exemptions — they should check reliance and update compliance. It’s primarily regulatory housekeeping to reduce outdated exemptions and clarify current obligations.

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Current sections

Direct links to the current provisions in ASIC Corporations (Amendment and Repeal) Instrument 2016/66.

ASIC Corporations (Amendment and Repeal) Instrument 2016/66

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ASIC Corporations (Amendment and Repeal) Instrument 2016/66

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 23 February 2016

Grant Moodie

Contents

Part 1—Preliminary

1 Name of legislative instrument

ASIC Class Order [CO 05/1270]

Schedule 2—Repeals

ASIC Class Order [CO 02/968]

ASIC Class Order [CO 06/636]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Amendment and Repeal) Instrument 2016/66.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislative Instruments.

Note: The register may be accessed at www.comlaw.gov.au.

3 Authority

This instrument is made under subsections 341(1) and 1020F(1) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned.

Schedule 1—Amendment

ASIC Class Order [CO 05/1270]

1 Paragraph 6 (definition of eligible instrument)

Omit paragraph (f).

Schedule 2—Repeals

ASIC Class Order [CO 02/968]

1 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 06/636]

2 The whole of the instrument

Repeal the instrument.