Commonwealth legislation

ASIC Corporations (Repeal) Instrument 2016/810

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Commonwealth

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legislative instrument

Plain English Summary

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ASIC Corporations (Repeal) Instrument 2016/810 cancels the ASIC instruments listed in its Schedule—most notably ASIC Class Order [CO 02/184]. It starts on the later of its gazettal or the day after registration on the Federal Register.

The instrument is made under powers in the Corporations Act and preserves any amendments or repeals those instruments had already made to other instruments. Parties who relied on the repealed class order should review their compliance arrangements.

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Current sections

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ASIC Corporations (Repeal) Instrument 2016/810

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ASIC Corporations (Repeal) Instrument 2016/810

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

Date: 22 September 2016

Stephen Yen

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

4 Schedules

5 Repeal of amending and repealing instruments

Schedule 1—Repeals

ASIC Class Order [CO 02/184]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Repeal) Instrument 2016/810.

2 Commencement

This instrument commences on the later of:

(a) the date of its gazettal; and

(b) 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 paragraphs 283GA(1)(a), 601QA(1)(a), 741(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Each instrument that is specified in the Schedule to this instrument is repealed as set out in the applicable items in the Schedule.

5 Repeal of amending and repealing instruments

(1) The repeal of an instrument by section 4 does not affect any amendment to or repeal of another instrument (however described) made by the instrument.

(2) Subsection (1) does not limit the effect of section 7 of the Acts Interpretation Act 1901 as it applies to the repeal of an instrument by section 4 of this instrument.

Schedule 1—Repeals

ASIC Class Order [CO 02/184]

1 The whole of the instrument

Repeal the instrument.