Commonwealth legislation

ASIC Corporations and Credit (Repeal) Instrument 2017/791

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This Act has been repealed and is no longer in force. It is retained for historical reference.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This is a regulatory cleanup instrument that entirely repeals three outdated ASIC instruments (CO 03/1063, CO 11/926 and the ASIC Credit (Financial Counselling Agencies) Instrument 2015/992). It affects anyone relying on the exemptions or permissions those instruments provided, who should confirm whether other laws now apply or no exemption is needed. Made under the Corporations Act 2001 and the National Consumer Credit Protection Act 2009, it commences on gazettal or the day after Federal Register publication.

JSON API

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in ASIC Corporations and Credit (Repeal) Instrument 2017/791.

ASIC Corporations and Credit (Repeal) Instrument 2017/791

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8

Commonwealth Coat of Arms and ASIC logo

ASIC Corporations and Credit (Repeal) Instrument 2017/791

I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 19 September 2017

Anthony Graham

Contents

Part 1—Preliminary

1 Name of legislative instrument

ASIC Class Order [CO 03/1063]

ASIC Class Order [CO 11/926]

ASIC Credit (Financial Counselling Agencies) Instrument 2015/992

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations and Credit (Repeal) Instrument 2017/791.

2 Commencement

This instrument commences on the later of:

(a) the date of its gazettal; and

(b) the day after it is registered on the Federal Register of Legislation.

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

3 Authority

This instrument is made under paragraph 911A(2)(l) of the Corporations Act 2001 and paragraphs 109(3)(a) and (d) of the National Consumer Credit Protection Act 2009.

4 Schedules

Each instrument that is specified in the Schedule to this instrument is repealed as set out in the applicable items in the Schedule.

Schedule 1— Repeals

ASIC Class Order [CO 03/1063]

1 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 11/926]

2 The whole of the instrument

Repeal the instrument.

ASIC Credit (Financial Counselling Agencies) Instrument 2015/992

3 The whole of the instrument

Repeal the instrument.