Australian Securities and Investments Commission Class Order [Co 01/55] (Cth)

Australian Securities and Investments Commission

Corporations Law - Clause 36 of Schedule 4 (applying section 158 of Division 2 of Part 4B of the Friendly Societies Code) - Exemption

Pursuant to section 158 of the Friendly Societies Code (the Code), the Australian Securities and Investments Commission hereby exempts each person in the class of persons referred to in Schedule A from compliance with sections 135 and 136 of the Code in respect of the acceptance of a contribution referred to in Schedule B on the condition specified in Schedule C and for so long as it is met.

A reference to a provision of the Code in this instrument is a reference to that provision as applied by clause 36 of Schedule 4 of the Corporations Law (the Law).

Schedule A

A friendly society and its representatives.

Schedule B

A contribution made by a member to a benefit fund of the society (other than the initial contribution made by that member) in circumstances where:

1.         if the benefit fund is not a fund of one of the entities listed in Schedule D:

(a)        the member made their initial contribution to the fund before 1 October 1997; or

(b)       before the member made their initial contribution to the fund they received a disclosure document for the fund which complied with the Code or the Law and which specified the terms applicable to any contribution to the fund made after the initial contribution; or

2.         if the benefit fund is a fund of one of the entities listed in Schedule D:

(a)        the member made their initial contribution to the fund before 24 May 1999; or

(b)       before the member made their initial contribution to the fund they received a disclosure document for the fund which complied with the Code or the Law and which specified the terms applicable to any contribution to the fund made after the initial contribution.

Schedule C

The friendly society complies with the requirements to provide annual member statements and notice of material changes imposed by AFIC Prudential Standard 6.8.4 (as applied by clause 36(1)(e) of Schedule 4 of the Law).

Schedule D

Australian Natives Association Limited

Boulder United Friendly Society Limited

H.B.F. Friendly Society Limited

Home Owners Friendly Society Limited

Manchester Unity Independent Order of Oddfellows Friendly Society in Western Australia Limited

The Ancient Order of Forresters (West Australia District) Friendly Society Limited

The Independent Order of Odd Fellows Limited

United Ancient Order of Druids Limited

Victoria Park and Districts United Friendly Societies Council Limited

Western Australian District of the Independent Order of Rechabites Friendly Society Limited

Dated the 29th day of January 2001

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission