Section 13 - ASIC Corporations (Time-sharing Schemes) Instrument 2017/272 - Disclosure of fees and costs—transitional exemption from ongoing disclosure of material changes and significant events

13Disclosure of fees and costs—transitional exemption from ongoing disclosure of material changes and significant events

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13 Disclosure of fees and costs—transitional exemption from ongoing disclosure of material changes and significant events

(1) A responsible entity of a registered time-sharing scheme does not have to comply with subsection 1017B(1) of the Act to the extent section 8C of this instrument directly results in a change or event that, but for this section, would be required to be notified under that subsection of the Act.

(2) The exemption in this section only applies in relation to the first time the responsible entity makes changes to a Product Disclosure Statement as a direct result of section 8C of this instrument.

Endnotes

Endnote 1—Instrument history

Instrument number	Date of FRL registration	Date of commencement	Application, saving or transitional provisions
2017/272	27/3/2017 (see F2017L00315)	28/3/2017
2020/1064	11/12/2020 (see F2020L01571)	12/12/2020	-
2020/1065	11/12/2020 (see F2020L01572)	12/12/2020	-

Endnote 2—Amendment history

Note: ad. = added or inserted am. = amended LA = Legislation Act 2003 rep. = repealed rs. = repealed and substituted

Provision affected	How affected
Section 2	rep. s48D LA
Section 4	rs. 2020/1064am. 2020/1065
Section 5	rs. 2020/1064
Section 5A	ad. 2020/1064
Section 7	rs. 2020/1064
Section 7A	ad. 2020/1064
Section 8A	ad. 2020/1064
Section 8B	ad. 2020/1064
Section 8C	ad. 2020/1065
Section 9	rs. 2020/1064
Section 10	ad. 2020/1064
Section 11	ad. 2020/1065
Section 12