ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125
1ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125
Start here
Get a plain-English read of 1
Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125.
Commonwealth Coat of Arms and ASIC logo
ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125
About this compilation
Compilation No. 1
This is a compilation of ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125 as in force on 15 November 2022. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Contents
1 Name of legislative instrument
7 Registered scheme – related bodies corporate and external members of compliance committee
8 Retail CCIV – constitutional provisions for incorporating listing rules by reference
Part 1—Preliminary
1 Name of legislative instrument
This instrument is ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125.
3 Authority
This instrument is made under subsections 601QA(1) and 1243(2) of the Corporations Act 2001.
4 Definitions
In this instrument:
Act means the Corporations Act 2001.
Part 2—Declarations
5 Registered scheme – relief to permit constitutional provisions incorporating listing rules by reference
Chapter 5C of the Act applies to all persons as if section 601GA were modified or varied by inserting after subsection 601GA(4):
“(5) Despite subsections (1) to (4), if the registered scheme: (a) is admitted to the official list of an eligible Australian market or the responsible entity of the scheme is proposing to seek such admission; and (b) is required or permitted for the purposes of the listing rules of the eligible Australian market to include a listing rule consistency provision in its constitution; the constitution of the registered scheme may include a listing rule consistency provision. (6) In this section: eligible Australian market means a financial market operated by: (a) Sydney Stock Exchange Limited ACN 080 399 220; or (b) ASX Limited ACN 008 624 691. listing rule consistency provision means, in relation to a registered scheme and an eligible Australian market, a provision in the constitution of the scheme to the effect that if the scheme is admitted to the official list of the market: (a) notwithstanding anything contained in the constitution, if the listing rules of the market prohibit an act being done, the act shall not be done; and (b) nothing contained in the constitution prevents an act being done that the listing rules of the market require to be done; and (c) if the listing rules of the market require an act to be done or not to be done, authority is given for that act to be done or not to be done (as the case may be); and (d) if the listing rules of the market require the constitution to contain a provision and it does not contain such a provision, the constitution is taken to contain that provision; and (e) if the listing rules of the market require the constitution not to contain a provision and it contains such a provision, the constitution is taken not to contain that provision; and (f) if any provision of the constitution is or becomes inconsistent with the listing rules of the market, the constitution is taken not to contain that provision to the extent of the inconsistency.”.