Commonwealth legislation

ASIC Corporations (Repeal) Instrument 2015/681

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

ASIC is scrapping a previous exemption (called Class Order [CO 10/1219]) that modified how the Corporations Act 2001 applied to certain businesses.

What this means:

Any special relief, exemptions, or modifications provided by the old Class Order no longer apply.
Businesses that were relying on that specific exemption must now follow the standard rules in the Corporations Act, unless they qualify for different relief.

Who is affected:

Companies, financial service providers, or other entities that were operating under the authority of Class Order [CO 10/1219].

Key takeaway: If you were relying on this specific exemption, you need to urgently check that you are still compliant with the law now that the relief has been removed.

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Current sections

Direct links to the current provisions in ASIC Corporations (Repeal) Instrument 2015/681.

ASIC Corporations (Repeal) Instrument 2015/681

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Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Repeal) Instrument 2015/681

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

Date 23 July 2015

Stephen Yen

Contents

Part 1—Preliminary

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

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

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

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

Schedule 1—Repeal

ASIC Class Order [CO 10/1219].....................................

Part 1—Preliminary

1 Name of legislative instrument

This instrument is the ASIC Corporations (Repeal) Instrument 2015/681.

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 paragraphs 951B(1)(c) and 1020F(1)(c) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in the Schedule to this instrument is repealed as set out in the applicable items in the Schedule.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 10/1219]

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 2015/681

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

Date 23 July 2015

Stephen Yen

Contents

Part 1—Preliminary

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

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

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

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

Schedule 1—Repeal

ASIC Class Order [CO 10/1219].....................................

Part 1—Preliminary

1 Name of legislative instrument

This instrument is the ASIC Corporations (Repeal) Instrument 2015/681.

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 paragraphs 951B(1)(c) and 1020F(1)(c) of the Corporations Act 2001.

4 Schedules

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 10/1219]

1 The whole of the instrument

Repeal the instrument.

Read the source document