Australian Securities and Investments Commission Class Order [Co 05/1254] (Cth)

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F(1)(c) — Declaration

Enabling legislation

1. The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) of the Corporations Act 2001 (the Act).

Title

2.         This instrument is ASIC Class Order [CO 05/1254].

Commencement

3.         This instrument commences on the date it is registered under the Legislative Instruments Act 2003.

Note:      An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register). The FRLI may be accessed at of transactions and fees and charges in superannuation periodic statements — transitional aspects

4. Part 7.9 of the Act applies in relation to an issuer of a superannuation product as if provisions of that Part were modified or varied as follows:

(a)        in subparagraph 7.9.60B(1)(b)(i) of the Corporations Regulations 2001 (the Regulations) omit “1 July 2005;”, substitute “1 July 2005 (except a periodic statement in relation to a first reporting period (see paragraph 1017D(2)(b) of the Act) which is less than 1 year long and ends on or before 30 June 2006);”; and

(b) in item 1 of the table in subregulation 7.9.75(1A) of the Regulations, add at the end of the 4th column “and in relation to a first reporting period (see paragraph 1017D(2)(b) of the Act) which commences on or after that date, is less than 1 year long and ends on or before 30 June 2006”.

Interpretation

5.         In this instrument:

superannuation product has the meaning given by paragraph 764A(1)(g) of the Act.

Dated this 19th day of December 2005.

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission