Federal Register of Legislation - Australian Government

Primary content

ASIC Class Order [CO 05/739]

Authoritative Version
CO 05/739 Orders/ASIC Class Orders as made
In Class Order [CO 05/739], the Australian Securities and Investments Commission declares that facilities through which a person can pay a road toll without notes or coins are not financial products for the purposes of Chapter 7 of the Corporations Act.
Administered by: Treasury
Registered 18 Nov 2005
Tabling HistoryDate
Tabled HR28-Nov-2005
Tabled Senate28-Nov-2005
Date of repeal 23 Mar 2016
Repealed by ASIC Corporations (Repeal) Instrument 2016/212

Australian Securities and Investments Commission
Corporations Act 2001 — Subsection 765A(2) — Declaration

 

Enabling legislation

1.         The Australian Securities and Investments Commission makes this declaration under subsection 765A(2) of the Corporations Act 2001 (the Act).

Title

2.         This instrument is ASIC Class Order [CO 05/739].

Commencement

3.         This instrument commences on the date it is registered under the Legislative Instruments Act 2003.

Note:   An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register).  The FRLI may be accessed at http://www.frli.gov.au/.

Declaration

4.         A facility through which, or through the acquisition of which, a person makes a non-cash payment of a toll for the use of a road but no other kind of non-cash payment is not a financial product for the purposes of Chapter 7 of the Act.

Interpretation

5.       In this instrument:

 

facility has a meaning affected by section 762C of the Act.

 

makes non-cash payments has the meaning given by section 763D of the Act.

 

road includes a bridge, tunnel and any other item of infrastructure for the movement of road traffic.

 

 

Dated this 14th day of November 2005
Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission