Commonwealth legislation

ASIC Corporations (Repeal) Instrument 2015/1031

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

1/10 complexity

This instrument removes (repeals) an older ASIC decision called Class Order [CO 02/312].

ASIC issues "class orders" — these are official decisions that give certain companies or individuals exemptions from, or modifications to, the usual rules in the Corporations Act 2001. Think of them as temporary or conditional 'relief' for specific situations.

This instrument simply hits the delete button on Class Order [CO 02/312], meaning whatever exemption or special rules that older order provided no longer apply. The repeal takes effect the day after this instrument was formally registered.

Why it matters: If you were relying on Class Order [CO 02/312] to legally do something that would otherwise breach the Corporations Act, this repeal ends that permission. Anyone affected would need to comply with the standard law or find alternative relief.

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Current sections

Direct links to the current provisions in ASIC Corporations (Repeal) Instrument 2015/1031.

ASIC Corporations (Repeal) Instrument 2015/1031

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Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Repeal) Instrument 2015/1031

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

Date 6 November 2015

Grant Moodie

Contents

Part 1—Preliminary

1 Name of legislative instrument

ASIC Class Order [CO 02/312]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Repeal) Instrument 2015/1031.

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 subsection 1075A(1) of the Corporations Act 2001.

4 Schedule

Each instrument that is specified in the Schedule to this instrument is repealed as set out in the applicable items in the Schedule.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

ASIC Class Order [CO 02/312]

1 The whole of the instrument

Repeal the instrument.

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

ASIC Corporations (Repeal) Instrument 2015/1031

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

Date 6 November 2015

Grant Moodie

Contents

Part 1—Preliminary

1 Name of legislative instrument

ASIC Class Order [CO 02/312]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Repeal) Instrument 2015/1031.

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 subsection 1075A(1) of the Corporations Act 2001.

4 Schedule

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—Repeal

ASIC Class Order [CO 02/312]

1 The whole of the instrument

Repeal the instrument.