Australian Securities and Investments Commission

Corporations Law

Paragraph 741(1)(a) - Exemption

Under paragraph 741(1)(a) of the Corporations Law (the Law) the Australian Securities and Investments Commission hereby gives the following exemptions to the extent and on the conditions specified in relation to each of them and for so long as the conditions are met.

First Exemption  -  Period of Financial Report

A body that offers securities using an offer information statement (OIS) is exempt from paragraph 715(2)(a) of the Law insofar as that paragraph requires the financial report included in the OIS to be a report for a 12 month period on the condition that the financial report is a report for a period shorter or longer than 12 months by not more than 7 days.

Second Exemption  -  Comparative Information

A body that offers securities using an OIS is exempt from paragraph 715(2)(b) of the Law insofar as that paragraph requires the financial report included in the OIS to include comparative information for the last financial year of a body which ended before the 12 month period referred to in paragraph 715(2)(a) of the Law on the condition that comparative information is included for the 12 month period which ended on the day immediately before the first day of the 12 month period referred to in paragraph 715(2)(a) of the Law.

Dated the 10th day of February 2000

Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission