Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 01/586]

Authoritative Version
  • - F2006B01614
  • No longer in force
CO 01/586 Orders/ASIC Class Orders as made
This Class Order varies ASIC Class Order [CO 00/217].
Administered by: Treasury
General Comments: This Class Order was originally made under subsection 741(1) of the Corporations Law and is continued in force under section 1399 of the Corporations Act 2001. This Class Order was published in the Australian Securities and Investments Commission Gazette on 3 July 2001.
Registered 13 Sep 2006
Gazetted 03 Jul 2001
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Australian Securities and Investments Commission

Corporations Law - Subsection 741(1) - Variation

 

 

Pursuant to subsection 741(1) of the Corporations Law the Australian Securities and Investments Commission hereby varies Class Order [CO 00/217] by:

 

1.                 in section A, deleting the word "The" at the beginning of paragraph 2 and substituting the words "Subject to section C below, the";

 

2.                 in section A, deleting the word "otherwise" at the beginning of subparagraph 5(c)(ii) and substituting the words "if any change described in the missing documents is materially adverse from the point of view of the investor - "; and

 

3.                 inserting a new section C immediately after section B, as follows:

 

"C Transaction statements for IDPS-like schemes

 

If the scheme is an IDPS-like scheme to which Class Order [00/212] applies:

 

(a)                      the Responsible Entity does not have to send a person a Transaction Statement referred to in paragraph 2(a) in section A of this instrument for so long as the Responsible Entity complies with paragraphs 2(h) and 2(k) of Class Order [00/212] in relation to the person; and

 

(b)                    for the purposes of paragraph 2(b) in section A of this instrument, the Transaction Statement must be for the period starting on the date of the last:

 

(i)                  Transaction Statement; or

(ii)                quarterly report under paragraph 2(h) of Class Order [00/212]; or

(iii)               annual report under paragraph 2(k) of Class Order [00/212],

 

whichever was most recently given to the Holder, and ending on the date of the request; and

 

(c)                    for the purposes of subparagraph 1(c)(iii) in section A of this instrument and subparagraph (d)(iii) in section B of this instrument, instead of explaining or stating the Holder's entitlement to a periodic Transaction Statement the Responsible Entity may explain or state the Holder's entitlement to receive reports and information under paragraphs 2(h) and 2(k) of Class Order [00/212].

 

Dated the 15th day of May 2001

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission