Australian Securities and Investments Commission Class Order [CO 03/485] (Cth)

ASIC Class Order [CO 03/485]

Periodic statements under s1017D

This instrument was made under paragraph 1020F(1)(a) of the Corporations Act 2001.

This compilation was prepared on 2 August 2006 taking into account amendments up to [CO 03/654].

Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F(1)(a) — Exemption

Pursuant to paragraph 1020F(1)(a) of the Corporations Act 2001 (the “Act”) the Australian Securities and Investments Commission hereby exempts the persons described in Schedule A in the case referred to in Schedule B from subsection 1017D(1) of the Act to the extent that the statement required by that subsection for a reporting period referred to in Schedule B must include the details referred to in paragraph 7.9.75(2)(b) of the Corporations Regulations 2001 (the “Regulations”).

SCHEDULE A

Each issuer of a financial product who is required to give a periodic statement under section 1017D of the Act that must include the details referred to in paragraph 7.9.75(2)(b) of the Regulations in relation to that financial product.

SCHEDULE B

Where the periodic statement given for a reporting period ending:

(1)   on or before 30 June 2003; or

(2) on or before 31 December 2003 by reason of paragraph 1017D(2)(d) of the Act,

in relation to the financial product referred to in Schedule A includes or is accompanied by statements to the effect that:

(a)   amounts for fees, expenses or charges have been deducted from the common fund to which the product relates in relation to the reporting period; and

(b)   these deductions are borne indirectly by the holders of the product and may affect the return to the holders; and

(c)   further information about the deductions can be obtained by contacting the issuer of the product.

Notes to ASIC Class Order [CO 03/485]

Note 1

ASIC Class Order [CO 03/485] (in force under paragraph 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 03/485]	26/6/2003	26/6/2003	-
[CO 03/654]	4/8/2003	4/8/2003	-

Table of Amendments

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 = repealed     rs. = repealed and substituted

Provision affected	How affected
Introductory para	am. [CO 03/654]
Schedule B	am. [CO 03/654]