Australian Securities and Investments Commission Corporations (Amendment) Instrument 2021/550 (Cth)

ASIC Corporations (Amendment) Instrument 2021/550

I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 16 June 2021

Anthony Graham

Contents

Part 1—Preliminary

1    Name of legislative instrument

2    Commencement

3    Authority

4    Schedules

Schedule 1—Amendments

ASIC Corporations (Superannuation and Schemes: Underlying Investments) Instrument 2016/378

Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2021/550.

2        Commencement

This instrument commences on the later of:

(a)     the day after it is registered on the Federal Register of Legislation; and

(b)     1 July 2021.

Note:    The register may be accessed at Authority

This instrument is made under subsections 926A(2) and 951B(1) of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms

Schedule 1—Amendments

ASIC Corporations (Superannuation and Schemes: Underlying Investments) Instrument 2016/378

1        Section 4 (definition of public offer entity)

Repeal the definition.

2        Section 5

Repeal the section, substitute:

5     Licensing: Registrable superannuation entities

(1) A person in the capacity of the trustee of a registrable superannuation entity does not have to comply with subsection 911A(1) of the Act for dealing in a financial product (other than an interest in the entity) in the ordinary course of operation of the entity.

(2)     The exemption in subsection (1) applies until 31 December 2022.