Australian Securities and Investments Commission Class Order [CO 02/314] (Cth)

ASIC Class Order [CO 02/314]

Employee redundancy funds: relief

This instrument is made under paragraphs 601QA(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.

This compilation was prepared on 4 October 2005 taking into account amendments up to [CO 03/1051].

Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraphs 601QA(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a) — Revocation and Exemption

Under paragraph 601QA(1)(a) of the Corporations Act 2001 (“the Act”) the Australian Securities and Investments Commission (“ASIC”) hereby revokes Class Order [01/929].

And under paragraphs 601QA(1)(a), 992B(1)(a) and 1020F(1)(a) of the Act ASIC hereby exempts each person referred to in Schedule A in the cases specified in Schedule B from sections 601ED, 992A and 992AA and Part 7.9 of the Act.

And under paragraph 911A(2)(l) of the Act ASIC hereby exempts a person from the requirement to hold an Australian financial services licence for the provision of financial services by that person in relation to interests in a scheme mentioned in Schedule B.

SCHEDULE A

A person who operates or promotes a scheme of the kind specified in Schedule B.

SCHEDULE B

Making offers for the issue of an interest in, or making recommendations to acquire an interest in, or making offers to arrange the issue of interests in, or operating a scheme to which employers may make, or are required by an award or agreement to make, contributions where the primary objective of the scheme is to fund redundancy entitlements and other entitlements incidental to employment, for employees of the employers.

Commencement

This instrument takes effect on the commencement of Schedule 1 to the Financial Services Reform Act 2001.

Notes to ASIC Class Order [CO 02/314]

Note 1

ASIC Class Order [CO 02/314] (in force under paragraphs 601QA(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the Tables below.

Table of Instruments

Instrument number	Date of making or FRLI registration	Date of commencement	Application, saving or transitional provisions
[CO 02/314]	9/3/2002	11/3/2002	-
[CO 02/791]	12/7/2002	12/7/2002	-
[CO 02/1322]	5/12/2002	5/12/2002	-
[CO 03/1051]	16/12/2003	16/12/2003	-

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected	How affected
Second para	am. [CO 02/1322]; [CO 03/1051]
Third para	am. [CO 02/791]; [CO 02/1322]; [CO 03/1051]