Commonwealth legislation

ASIC Corporations (Repeal) Instrument 2015/1050

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

What this does This instrument scraps two old regulatory exemptions — ASIC Class Order [CO 00/213] and ASIC Class Order [CO 05/1243].

What's a class order? Class orders are blanket exemptions or rule modifications that ASIC issues under the Corporations Act 2001. Instead of applying for individual relief, businesses covered by a class order get automatic permission to do something differently (or skip a specific legal requirement).

Who is affected Any companies or financial service providers that were relying on the specific exemptions or relief set out in those two old orders. Once repealed, those exemptions cease to exist.

Why it matters This is regulatory housekeeping. If you were operating under one of these old exemptions, you may now need to comply with the standard rules, apply for a new exemption, or operate under a different regulatory framework. The repeal removes outdated or redundant relief from the statute books.

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Current sections

Direct links to the current provisions in ASIC Corporations (Repeal) Instrument 2015/1050.

ASIC Corporations (Repeal) Instrument 2015/1050

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Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Repeal) Instrument 2015/1050

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

Date 10 November 2015

Grant Moodie

Contents

Part 1—Preliminary

1 Name of legislative instrument

ASIC Class Order [CO 00/213]

ASIC Class Order [CO 05/1243]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Repeal) Instrument 2015/1050.

2 Commencement

This instrument commences on the later of:

(a) the day of its gazettal; and

(b) 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 741(1) and paragraph 911A(2)(l) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule.

Schedule 1—Repeals

ASIC Class Order [CO 00/213]

1 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 05/1243]

2 The whole of the instrument

Repeal the instrument.

Source text

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

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ASIC Corporations (Repeal) Instrument 2015/1050

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

Date 10 November 2015

Grant Moodie

Contents

Part 1—Preliminary

1 Name of legislative instrument

ASIC Class Order [CO 00/213]

ASIC Class Order [CO 05/1243]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Repeal) Instrument 2015/1050.

2 Commencement

This instrument commences on the later of:

(a) the day of its gazettal; and

(b) 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 741(1) and paragraph 911A(2)(l) of the Corporations Act 2001.

4 Schedules