Australian Securities and Investments Commission Class Order [Co 02/0248] (Cth)

Australian Securities and Investments Commission
Corporations Act 2001 — Subsection 341(1) — Variation

Under subsection 341(1) of the Corporations Act 2001 and with effect from the commencement of Schedule 1 to the Financial Services Reform Act 2001, the Australian Securities and Investments Commission hereby varies Class Order [98/1418] by:

1.         omitting from paragraph (c) the words “licensed securities dealer or a futures broker” and substituting the words “or a financial services licensee”; and

2.         adding after the definition of “Extended Closed Group” in the text under the heading “Interpretation” the following text:

“financial services licensee” means:

(a)        a financial services licensee within the meaning of the Act; and

(b)       during the transition period (within the meaning of subsection 1431(1) of the Act) for a regulated principal, also includes a reference to a regulated principal referred to in items 1 and 3 of the table in subsection 1430(1) of the Act;”.

Dated the 2nd of March 2002

Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission