Australian Securities and Investments Commission 

Corporations Act 2001 - Subsection 741(1) - Variation

Under subsection 741(1) of the Corporations Act 2001 (the "Act") and with effect from the commencement of Schedule 1 to the Financial Services Reform Act 2001, the Australian Securities and Investments Commission hereby varies Class Order [00/175] by:

1. omitting from the heading the word "Law" and substituting the words "Act 2001";

2. omitting from the introductory words:

(a)                the words "Corporations Law (the "Law")" and substituting the words "Corporations Act 2001 (the "Act")"; and

(b)               the word "Law" (third occurring) and substituting the word "Act";

 3. omitting paragraphs (a), (b), (c) and (d) of Schedule B and substituting:

"(a)  during the transition period within the meaning of section 1431 of the Act, a regulated principal described in item 1 or item 2 of the table contained in section 1430 of the Act and any of their representatives to whom subsection 1436(2) of the Act applies;

(b) during the transition period within the meaning of section 1431 of the Act, an exempt dealer or exempt investment adviser within the meaning of the Act as in force immediately before the commencement of Schedule 1 to the Financial Services Reform Act 2001;

(c)                a person who holds an Australian financial services licence and any of their representatives."; and

4.             omitting the words "stock market of from Schedule B and substituting "financial market operated by".

Dated this 8th day of March 2002

Signed by Brendan Byrne

as delegate of the Australian Securities and Investments Commission