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ASIC Class Order [CO 02/0269]

Authoritative Version
  • - F2006B01636
  • No longer in force
CO 02/269 Orders/ASIC Class Orders as made
This Class Order varies ASIC Class Order [CO 01/1543].
Administered by: Treasury
Registered 14 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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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 — Subsection 655A(1) — Variation

 

Under subsection 655A(1) 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 [01/1543] by:

 

1.         omitting from paragraph 8:

 

(a)        the words “the relevant securities exchange” (twice occurring) and substituting the words “the operator of each relevant prescribed financial market”; and

 

(b)        the words “each relevant securities exchange” and substituting the words “the operator of each relevant prescribed financial market”;

 

2.         omitting paragraph 9 and substituting the following paragraph:

 

“9         subsection 636(1) were modified by deleting paragraphs (g) and (ga) and substituting the following paragraphs:

 

“(g)      if any securities (other than managed investment products) are offered as consideration under the bid and: 

 

(i)         the bidder is the body that has issued or will issue the securities; or

 

(ii)        the bidder is a person that controls that body; or

 

(iii)       that body agrees to the bidder offering, or authorises, arranges for or permits the bidder to offer the securities;

 

all material that would be required for a prospectus for an offer of those securities by the bidder, or, if subparagraph (iii) applies, the body, under section 710 to 713;

 

(ga)      if any managed investment products are offered as consideration under the bid and: 

 

(i)         the bidder is the responsible entity of the managed investment scheme; or

 

(ii)        the bidder is a person who controls the responsible entity of the managed investment scheme; or

 

(iii)       the responsible entity agrees to the bidder offering, or authorises, arranges for or permits the bidder to offer the securities;

 

all material that would be required by section 1013C to be included in a Product Disclosure Statement given to a person in an issue situation (within the meaning of section 1012B) in relation to those managed investment products;”;

 

3.         omitting from paragraph 11:

 

(a)        the words “a securities exchange” and substituting the words “the operator of a prescribed financial market”; and

 

(b)        the words “the securities exchange” and substituting the words “the prescribed financial market”; and

 

4.         omitting from paragraph 12:

 

(a)        the words “a securities exchange” and substituting the words “the operator of a prescribed financial market”; and

 

(b)        the words “the securities exchange” and substituting the words “the prescribed financial market”.

 

 

Dated this 4th day of March 2002

 

 

 

 

Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission