Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 99/1224]

Authoritative Version
  • - F2006B00897
  • No longer in force
CO 99/1224 Orders/ASIC Class Orders as made
This Class Order [CO 99/1224] varies Class Order [CO 98/110].
Administered by: Treasury
General Comments: This Class Order was originally made under subsection 341(1) of the Corporations Law and is continued in force under section 1399 of the Corporations Act 2001.
Registered 05 Jul 2006
Gazetted 05 Oct 1999
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
SUBSECTIONS 109ZB(5) AND 341(1) CORPORATIONS LAW
ORDER

 

 

PURSUANT to subsections 109ZB(5) and 341(1) of the Corporations Law ("the Law"), the AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ("ASIC") HEREBY MAKES AN ORDER varying ASIC Class Order 98/0110 dated 10 July 1998 by:

 

(a)                  Replacing all occurrences of the terms "Australian bank" with the term "ADI";

 

(b)                  Inserting the following after the definition of "AASB 1017":

 

""ADI'" means an authorised deposit-taking institution for the purposes of the Banking Act 1959;"; and

 

(c)                  Adding to the end of the definition of "Bank" the words ", and includes an ADI".

 

Dated the 30th day of August 1999

 

 

Signed by George Durbridge

as a delegate of the Australian Securities and Investments Commission