Commonwealth legislation

ASIC Corporations (Repeal) Instrument 2016/819

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This instrument instructs ASIC to repeal specified Corporations Act instruments listed in its Schedule. It takes effect on the later of its gazettal or the day after registration (s2) and, by Schedule 1, removes ASIC Class Order CO 02/151 in full. Repeal strips the listed instrument of legal effect and may force entities that relied on that class order to alter compliance arrangements; section 5 preserves any amendments or repeals that the repealed instrument itself made to other instruments.

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ASIC Corporations (Repeal) Instrument 2016/819

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Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Repeal) Instrument 2016/819

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 02/151]

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Repeal) Instrument 2016/819

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Each instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule.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 02/151]

1 The whole of the instrument

Repeal the instrument.