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ASIC Class Order [CO 02/0261]

Authoritative Version
  • - F2006B01011
  • No longer in force
CO 02/261 Orders/ASIC Class Orders as made
This Class Order [CO 02/261] varies ASIC Class Order [CO 00/44].
Administered by: Treasury
Registered 26 Jul 2006
Gazetted 12 Mar 2002
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Australian Securities and Investments Commission

Corporations Act 2001 - Subsection 741(1) - Variation

 

Under subsection 741(1) of the Corporations Act 2001 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 [00/44] by:

 

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

2.             omitting from the first paragraph, the words "Corporations Law (the "Law")" and substituting the words "Corporations Act 2001 (the "Act")";

3.             omitting from paragraph 1 under the heading "Provisions affected", the words "Corporations Law" and substituting the word "Act";

4.             omitting subparagraph 2(d) under the heading "Provisions affected" and substituting the following subparagraph:

"(d)      an electronic application form issued and partly completed by a

financial services licensee ("licensee form") where the issuer had

reasonable grounds to believe that the licensee form was distributed

with an electronic disclosure document.";

5.             omitting the definition of "securities dealer" under the heading "Definitions" and substituting the following definition:

""financial services licensee" includes, during the transition period (within the meaning of subsection 1431(1) of the Act) for a regulated principal, a reference to a regulated principal described in item 1 of the table set out in section 1430 of the Act.";

6.             omitting from paragraph 2 under the heading "Conditions" the words "securities dealer" (twice occurring) and substituting the words "financial services licensee";

7.             omitting from paragraph 6 under the heading "Conditions":

(a)          the words "within Australia" and substituting the words "in this jurisdiction"; and

(b)          the word "countries" and substituting the word "places";

8.             omitting from subparagraph 7(c) under the heading "Conditions" the words "securities dealer" and substituting the words "financial services licensee";

9.             omitting from paragraph 12 under the heading "Conditions" the words "securities dealer" and substituting the words "financial services licensee";

10.         omitting from paragraph 13 under the heading "Conditions" the words "securities dealer" (twice occurring) and substituting the words "financial services licensee"; and

 

2

 

11.         inserting immediately before the date of the instrument the following heading and note:

 

"This jurisdiction

 

Note 4: In this instrument, "this jurisdiction" means Australia: Act, ss 5 and 9 (definition of "this jurisdiction").".

 

 

Dated this 3rd day of March 2002

 

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission