Australian Securities and Investments Commission Class Order [Co 01/586] (Cth)

Australian Securities and Investments Commission

Corporations Law - Subsection 741(1) - Variation

Pursuant to subsection 741(1) of the Corporations Law the Australian Securities and Investments Commission hereby varies Class Order [CO 00/217] by:

1.         in section A, deleting the word "The" at the beginning of paragraph 2 and substituting the words "Subject to section C below, the";

2.         in section A, deleting the word "otherwise" at the beginning of subparagraph 5(c)(ii) and substituting the words "if any change described in the missing documents is materially adverse from the point of view of the investor - "; and

3.         inserting a new section C immediately after section B, as follows:

"C Transaction statements for IDPS-like schemes

If the scheme is an IDPS-like scheme to which Class Order [00/212] applies:

(a)   the Responsible Entity does not have to send a person a Transaction Statement referred to in paragraph 2(a) in section A of this instrument for so long as the Responsible Entity complies with paragraphs 2(h) and 2(k) of Class Order [00/212] in relation to the person; and

(b)                    for the purposes of paragraph 2(b) in section A of this instrument, the Transaction Statement must be for the period starting on the date of the last:

(i)          Transaction Statement; or

(ii)        quarterly report under paragraph 2(h) of Class Order [00/212]; or

(iii)        annual report under paragraph 2(k) of Class Order [00/212],

whichever was most recently given to the Holder, and ending on the date of the request; and

(c)                    for the purposes of subparagraph 1(c)(iii) in section A of this instrument and subparagraph (d)(iii) in section B of this instrument, instead of explaining or stating the Holder's entitlement to a periodic Transaction Statement the Responsible Entity may explain or state the Holder's entitlement to receive reports and information under paragraphs 2(h) and 2(k) of Class Order [00/212].

Dated the 15th day of May 2001

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission