Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 02/0266]

Authoritative Version
  • - F2006B01616
  • No longer in force
CO 02/266 Orders/ASIC Class Orders as made
This Class Order varies ASIC Class Order [CO 00/213].
Administered by: Treasury
Registered 13 Sep 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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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 - Paragraphs 741(1)(a) and 911A(2)(l) – Variation


Under paragraphs 741(1)(a) and 911A(2)(l) of the Corporations Act 2001 (the "Act") 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 [00/213] by:


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

2.                  inserting into the heading the words "and Paragraph 911A(2)(l)" after the words "Subsection 741(1)";

3.                  omitting from the first paragraph:

(a)         the words "Corporations Law (the "Law")" and substituting the words "Corporations Act 2001 (the "Act")"; and

(b)        the word "Law" (third occurring) and substituting the word "Act";

4.                  inserting after the first paragraph the following paragraph:"

And under paragraph 911A(2)(l) of the Act, ASIC hereby exempts a real estate agent licensed (the "Agent") in a State or Territory in this jurisdiction from the requirement to hold an Australian financial services licence for the provision of financial services in relation to offers of shares mentioned in Schedule A in the case referred to in Schedule B and where any person to whom the Agent provides the financial services has before those services are provided been advised in writing that the Agent is not licensed under the Act and that the relationship between the Agent and the person is to be governed by the real estate licensing provisions in the relevant State or Territory."; and

5.                  omitting from the definition of "real estate company" under the heading "Interpretation" the words "stock exchange" and substituting the words "prescribed financial market".



Dated this 4th day of March 2002





Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission