Australian Securities and Investments Commission Class Order [CO 04/1434] (Cth)

ASIC Class Order [CO 04/1434]

Dollar disclosure: Transitional relief

This instrument is made under paragraphs 951B(1)(c) and 1020F(1)(a) and (c) of the Corporations Act 2001.

This compilation was prepared on 1 September 2006 taking into account amendments up to [CO 04/1527].

Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraphs 951B(1)(c) and 1020F(1)(a) and (c) — Declaration, exemption and revocation

Extension of dollar disclosure transitional period

1. Under paragraphs 951B(1)(c) and 1020F(1)(c) of the Corporations Act 2001 (the Act) the Australian Securities and Investments Commission (ASIC) declares that:

(a) Part 7.7 of the Act applies in relation to each financial services licensee and each authorised representative of such a licensee as if subregulations 7.7.10A(2), (4) and (6) of the Corporations Regulations 2001 (the Regulations) were modified or varied by omitting “1 January 2005” and substituting “1 July 2005”; and

(b) Part 7.9 of the Act applies in relation to each issuer of a financial product as if subregulation 7.9.15A(2) of the Regulations were modified or varied by omitting “1 January 2005” and substituting “1 July 2005”; and

(c) Part 7.9 of the Act applies in relation to each issuer of a financial product as if subregulation 7.9.74A(2) of the Regulations were modified or varied by omitting “1 January 2005” and substituting “1 July 2005”.

Transitional exemption — periodic statements

2. Under paragraph 1020F(1)(a) of the Act ASIC exempts each issuer of a financial product from subsection 1017D(1) of the Act insofar as it requires information specified in paragraphs 7.9.19(g) to (j), 7.9.20(1)(kb) and 7.9.75(1)(b) of the Regulations as in force from 1 January 2005 to be included in a periodic statement prepared before 1 July 2005.

Revocation

3. Under paragraphs 951B(1)(c), 1020F(1)(a) and 1020F(1)(c) of the Act, ASIC revokes Class Order [CO 04/1176].

Interpretation

4.    In this instrument:

authorised representative has the meaning given by section 761A of the Act; and

issuer has the meaning given by section 761E of the Act.

Notes to ASIC Class Order [CO 04/1434]

Note 1

ASIC Class Order [CO 04/1434] (in force under paragraphs 951B(1)(c) and 1020F(1)(a) and (c) 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 04/1434]	8/12/2004	8/12/2004	-
[CO 04/1527]	14/12/2004	14/12/2004	-

Table of Amendments

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

Provision affected	How affected
Para 1(a)	am.  [CO 04/1527]
Para 1(b)	am.  [CO 04/1527]
Para 3	rs.  [CO 04/1527]
Para 4	am.  [CO 04/1527]