Australian Securities and Investments Commission Class Order [CO 07/166] (Cth)

Australian Securities and Investments Commission
Corporations Act 2001—Paragraph 601QA(1)(b)—Variation

Enabling legislation

1. The Australian Securities and Investments Commission makes this instrument under paragraph 601QA(1)(b) of the Corporations Act 2001.

Title

2.       This instrument is ASIC Class Order [CO 07/166].

Commencement

3.         This instrument commences:

(a) immediately after the commencement of ASIC Class Order [CO 07/88]; or

(b)        the date this instrument is registered under the Legislative Instruments Act 2003,

whichever is later.

Note:        An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (the FRLI) in electronic form: see the Legislative Instruments Act 2003, s 4 (definition of register).  The FRLI may be accessed at ASIC Class Order [CO 02/315] is varied by, in paragraph 2, inserting after notional paragraph 601GA(1A)(f):

“(fa)     the operator must keep a written record in relation to a cooling-off statement referred to in paragraph (f) for 7 years after the relevant cooling-off statement is issued;”.

Dated this 14th day of March 2007 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission