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Repealed by ASIC Corporations (Repeal) Instrument 2016/212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).


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


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/.


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.


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