Federal Register of Legislation - Australian Government

Primary content

ASIC Class Order [CO 05/1070]

Authoritative Version
CO 05/1070 Orders/ASIC Class Orders as made
Class Order [CO 05/1070] deems a distributor of an Australian financial services (AFS) licensee, authorised to deal in general insurance products, as a representative of that licensee when they provide the financial service of dealing in a general insurance product. This means that distributors do not need to hold an AFS licence or be formally appointed as an authorised representative to deal in general insurance on behalf of a licensee. The class order also means that the licensee will be fully responsible for all consumer protection measures under the Corporations Act for the provision of the financial service by the distributor, including providing proper disclosure and dispute resolution mechanisms.
Administered by: Treasury
Registered 31 Oct 2005
Tabling HistoryDate
Tabled HR02-Nov-2005
Tabled Senate07-Nov-2005
Date of repeal 28 Jul 2015
Repealed by ASIC Corporations (Repeal) Instrument 2015/684
Enabled by
Corporations Act 2001
C2004A00818No. 50, 2001