Australian Securities and Investments Commission Class Order [Co 03/911] (Cth)

Australian Securities and Investments Commission

Corporations Act 2001 – Paragraph 911A(2)(l) – Exemption

Under paragraph 911A(2)(l) of the Corporations Act 2001 ("the Act") the Australian Securities and Investments Commission exempts an entity to which subsection 766C(4) of the Act applies from the requirement to hold an Australian financial services licence for the provision to wholesale clients of general advice that relates to securities, debentures, stocks or bonds of that entity and is contained in a document offering those securities, debentures, stocks or bonds for issue.

Interpretation

In this instrument:

"general advice" has the meaning given by subsection 766B(4) of the Act;

"offer" has a meaning affected by subsection 1010C(2) of the Act; and

"wholesale client" has the meaning given by subsection 761G(4) of the Act.

Commencement

This instrument takes effect on gazettal.

Dated this 30th day of October 2003

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission