Australian Securities and Investments Commission Class Order [Co 06/704] (Cth)

Australian Securities and Investments Commission

Corporations Act 2001 — Paragraph 283GA(1)(a), subsection 341(1) and paragraphs 601QA(1)(a) and (b), 741(1)(a), 911A(2)(l), 926A(2)(a), 951B(1)(a) and (c), 992B(1)(a) and 1020F(1)(a) and (c) — Variation

Enabling legislation

1.         The Australian Securities and Investments Commission makes this instrument under paragraph 283GA(1)(a), subsection 341(1) and paragraphs 601QA(1)(a), 741(1)(a), 911A(2)(l), 926A(2)(a), 951B(1)(a) and (c), 992B(1)(a) and 1020F(1)(a) and (c) of the Corporations Act 2001.

Title

2.         This instrument is ASIC Class Order [CO 06/704].

Commencement

3.         This instrument commences on the later of:

(a)        the date it is registered under the Legislative Instruments Act 2003; and

(b)        the date of its gazettal.

Note:       An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instrument Act 2003, s 4 (definition of register).  The FRLI may be accessed at ASIC Class Order [CO 05/1270] is varied by:

(a)        in the heading omitting “Subsection 341(1) and paragraphs 601QA(1)(b), 911A(2)(l), 926A(2)(a), 951B(1)(a) and (c) and 1020F(1)(c)” and substituting “Paragraph 283GA(1)(a), subsection 341(1) and paragraphs 601QA(1)(a) and (b), 741(1)(a), 911A(2)(l), 926A(2)(a), 951B(1)(a) and (c), 992B(1)(a) and 1020F(1)(a) and (c)”; and

(b)        omitting paragraph 1 and substituting:

“1.        The Australian Securities and Investments Commission (ASIC ) makes this instrument under paragraph 283GA(1)(a), subsection 341(1) and paragraphs 601QA(1)(a) and (b), 741(1)(a), 911A(2)(l), 926A(2)(a), 951B(1)(a) and (c), 992B(1)(a) and 1020F(1)(a) and (c) of the Corporations Act 2001.”; and

(c)        inserting after paragraph 5:

“5A.     ASIC grants the exemptions and makes the declarations set out in each affected instrument on the terms, and subject to any conditions, set out in the instrument as in force on the last day (the last lodgment day) for lodging the instrument as originally made for registration under Division 3 of Part 4 of the Legislative Instruments Act 2003.

5B.       Paragraph 5A has effect in relation to each affected instrument immediately after the last lodgment day for the instrument.”; and

(d)        in paragraph 6:

(i)         omitting “instrument eligible instrument” and substituting:

“instrument:

eligible instrument”; and

(ii)        omitting subparagraph (i) and substituting:

“(i) ASIC Class Order [CO 04/1624];

affected instrument means each of the following:

(i)         ASIC Class Order [CO 02/239];

(ii)        ASIC Class Order [CO 03/184];

(iii)       ASIC Class Order [CO 04/10].”.

Dated this 24th day of August 2006

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission