Commonwealth legislation

ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957

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Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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This instrument keeps ASIC’s product‑intervention order on continuing credit contracts (Instrument 2022/648) in force until it is revoked (s4). It begins the day after registration (s2) and is made under s1023H(1) of the Corporations Act with the Minister’s written approval noted in the instrument (preamble and s3). It does not create new substantive requirements itself — it preserves the existing obligations and compliance costs that apply to parties covered by Instrument 2022/648 (s4).

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Current sections

Direct links to the current provisions in ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957.

ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 title: DRAFT 2022 continuing credit contracts - Extension Instrument

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ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957

I, Greg Yanco, delegate of the Australian Securities and Investments Commission, acting in accordance with the written approval of the Minister under subsection 1023H(4) of the Corporations Act 2001, make the following legislative instrument.

Date 21 December 2023

Greg Yanco

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

Part 2—Declaration

4 Terms of declaration

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957.

2 Commencement

This instrument commences on 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 subsection 1023H(1) of the Corporations Act 2001.

Part 2—Declaration

4 Terms of declaration

ASIC Corporations (Product Intervention Order—Continuing Credit Contracts) Instrument 2022/648 remains in force until it is revoked.

Source text

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

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 title: DRAFT 2022 continuing credit contracts - Extension Instrument

ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957

Date 21 December 2023

Greg Yanco

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

Part 2—Declaration

4 Terms of declaration

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Product Intervention Order Extension—Continuing Credit Contracts) Instrument 2023/957.

2 Commencement

This instrument commences on 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 subsection 1023H(1) of the Corporations Act 2001.

Part 2—Declaration

4 Terms of declaration

ASIC Corporations (Product Intervention Order—Continuing Credit Contracts) Instrument 2022/648 remains in force until it is revoked.