Australian Securities and Investments Commission Class Order [Co 99/1224] (Cth)

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
SUBSECTIONS 109ZB(5) AND 341(1) CORPORATIONS LAW
ORDER

PURSUANT to subsections 109ZB(5) and 341(1) of the Corporations Law ("the Law"), the AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ("ASIC") HEREBY MAKES AN ORDER varying ASIC Class Order 98/0110 dated 10 July 1998 by:

(a)                 Replacing all occurrences of the terms "Australian bank" with the term "ADI";

(b)                 Inserting the following after the definition of "AASB 1017":

""ADI'" means an authorised deposit-taking institution for the purposes of the Banking Act 1959;"; and

(c)                 Adding to the end of the definition of "Bank" the words ", and includes an ADI".

Dated the 30th day of August 1999

Signed by George Durbridge

as a delegate of the Australian Securities and Investments Commission