Australian Securities and Investments Commission Corporations (Amendment) Instrument 2015/617 (Cth)

ASIC Corporations (Amendment) Instrument 2015/617

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date                7 July 2015

Grant Moodie

Contents

Part 1—Preliminary   3

1    Name of legislative instrument........................................................................ 3

2    Commencement............................................................................................... 3

3    Authority......................................................................................................... 3

4    Schedules......................................................................................................... 3

Schedule 1—Amendments  4

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.... 4

Part 1—Preliminary

1        Name of legislative instrument

This instrument is ASIC Corporations (Amendment) Instrument 2015/617.

2        Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislative Instruments.

Note:    The register may be accessed at Authority

This instrument is made under sections 341 and 601QA of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended as set out in the applicable items in the Schedule concerned.

Schedule 1—Amendments

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251

1        Paragraphs 7(2)(a) and (b)

Omit the paragraphs, substitute:

(a) Part 2M.3 of the Act in relation to:

(i)      any subsequent financial year or half-year of the scheme; or

(ii)     any earlier financial year or half-year of the scheme, but only to the extent that Part would have imposed, but for this subparagraph (ii), a continuing obligation on the responsible entity on or after the day that both paragraphs (1)(a) and (b) are satisfied; and   

(b) section 601HG of the Act in relation to:

(i)      the financial year or any subsequent financial year of the scheme; or

(ii)     any earlier financial year of the scheme, but only to the extent that section would have imposed, but for this subparagraph (ii), a continuing obligation on the responsible entity on or after the day that both paragraphs (1)(a) and (b) are satisfied; and

2        In section 13, paragraph (c) of the definition of relevant period

Omit the paragraph, substitute:

(c)     for a report during the winding up—each period of 12 months.