Commonwealth legislation

ASIC Corporations (Repeal) Instrument 2015/1157

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This Act has been repealed and is no longer in force. It is retained for historical reference.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This instrument is a regulatory cleanup measure that removes an outdated rule from the books.

Specifically, it repeals (cancels) ASIC Class Order [CO 02/314] entirely. That older instrument provided exemptions or relief from certain requirements under the Corporations Act 2001—likely relating to financial services licensing or securities dealing—based on the legal powers cited.

Who does this affect? Financial services businesses that previously relied on Class Order [CO 02/314] to avoid certain compliance obligations. These entities should check whether they now need to comply with the standard rules or find alternative relief under current instruments.

Why does this matter? ASIC regularly reviews old "class orders" to remove redundant or superseded rules. This repeal helps streamline the regulatory framework, ensuring businesses only need to consider current, active exemptions rather than decades-old relief that may no longer be appropriate.

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Current sections

Direct links to the current provisions in ASIC Corporations (Repeal) Instrument 2015/1157.

ASIC Corporations (Repeal) Instrument 2015/1157

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Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Repeal) Instrument 2015/1157

I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Dated 9 December 2015

Stephen Yen

Contents

Part 1—Preliminary

1 Name of legislative instrument.....................................

2 Commencement................................................

3 Authority.....................................................

4 Schedules.....................................................

Schedule 1—Repeals

ASIC Class Order [CO 02/314]......................................

Part 1—Preliminary

1 Name of legislative instrument

This instrument is the ASIC Corporations (Repeal) Instrument 2015/1157.

2 Commencement

This instrument commences on later of:

(a) the day after it is registered on the Federal Register of Legislative Instruments; and

(b) the day after it is gazetted.

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

3 Authority

This instrument is made under paragraphs 601QA(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in that Schedule.

Schedule 1—Repeals

ASIC Class Order [CO 02/314]

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 2015/1157

I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Dated 9 December 2015

Stephen Yen

Contents

Part 1—Preliminary

1 Name of legislative instrument.....................................

2 Commencement................................................

3 Authority.....................................................

4 Schedules.....................................................

Schedule 1—Repeals

ASIC Class Order [CO 02/314]......................................

Part 1—Preliminary

1 Name of legislative instrument

This instrument is the ASIC Corporations (Repeal) Instrument 2015/1157.

2 Commencement

This instrument commences on later of:

(a) the day after it is registered on the Federal Register of Legislative Instruments; and

(b) the day after it is gazetted.

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

3 Authority

This instrument is made under paragraphs 601QA(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in that Schedule.

Schedule 1—Repeals

ASIC Class Order [CO 02/314]

1 The whole of the instrument

Repeal the instrument.

Read the source document