ASIC Corporations (School Enrolment Deposits) Instrument 2016/812
1ASIC Corporations (School Enrolment Deposits) Instrument 2016/812
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ASIC Corporations (School Enrolment Deposits) Instrument 2016/812
About this compilation
Compilation No. 2
This is a compilation of ASIC Corporations (School Enrolment Deposits) Instrument 2016/812 as in force on 5 October 2021. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Contents
1 Name of legislative instrument
Part 1—Preliminary
1 Name of legislative instrument
This is the ASIC Corporations (School Enrolment Deposits) Instrument 2016/812.
3 Authority
This instrument is made under paragraphs 601QA(1)(a), 741(1)(a), 926A(2)(a), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.
4 Interpretation
In this instrument:
Act means the Corporations Act 2001.
school means an establishment in which children are given formal primary or secondary education.
school enrolment debenture means a debenture that is issued because a person deposits money with a person operating a school where:
(a) the making of the deposit is required as a condition of the enrolment of a child in the school; and
(b) the debenture is incidental to that enrolment.
school enrolment deposit scheme means a managed investment scheme in relation to which:
(a) the acquisition of an interest in the scheme is required as a condition of the enrolment of a child in a school; and
(b) each interest in the scheme is incidental to that enrolment.
Part 2—Exemption
5 School enrolment deposits
Fundraising and managed investments exemptions
(1) A person who operates a school does not have to comply with any of the following: