Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 02/314]

Authoritative Version
CO 02/314 Orders/ASIC Class Orders as amended, taking into account amendments up to ASIC Class Order [CO 03/1051]
Administered by: Treasury
Registered 18 Sep 2006
Start Date 16 Dec 2003
End Date 17 Dec 2015
Date of repeal 17 Dec 2015
Repealed by ASIC Corporations (Repeal) Instrument 2015/1157

ASIC Class Order [CO 02/314]

Employee redundancy funds: relief

This instrument is made under paragraphs  601QA(1)(a),  911A(2)(l),  992B(1)(a) and  1020F(1)(a) of the Corporations Act 2001.

This compilation was prepared on 4 October 2005 taking into account amendments up to [CO 03/1051].

Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraphs  601QA(1)(a),  911A(2)(l),  992B(1)(a) and  1020F(1)(a) — Revocation and Exemption

Under paragraph 601QA(1)(a) of the Corporations Act 2001 (“the Act”) the Australian Securities and Investments Commission (“ASIC”) hereby revokes Class Order [01/929].

And under paragraphs 601QA(1)(a), 992B(1)(a) and 1020F(1)(a) of the Act ASIC hereby exempts each person referred to in Schedule A in the cases specified in Schedule B from sections  601ED,  992A and  992AA and Part 7.9 of the Act.

And under paragraph 911A(2)(l) of the Act ASIC hereby exempts a person from the requirement to hold an Australian financial services licence for the provision of financial services by that person in relation to interests in a scheme mentioned in Schedule B.

SCHEDULE A

A person who operates or promotes a scheme of the kind specified in Schedule B.

SCHEDULE B

Making offers for the issue of an interest in, or making recommendations to acquire an interest in, or making offers to arrange the issue of interests in, or operating a scheme to which employers may make, or are required by an award or agreement to make, contributions where the primary objective of the scheme is to fund redundancy entitlements and other entitlements incidental to employment, for employees of the employers.

Commencement

This instrument takes effect on the commencement of Schedule 1 to the Financial Services Reform Act 2001.

Notes to ASIC Class Order [CO 02/314]

Note 1

ASIC Class Order [CO 02/314] (in force under paragraphs 601QA(1)(a),  911A(2)(l),  992B(1)(a) and  1020F(1)(a) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the Tables below.

Table of Instruments

Instrument number

Date of making or FRLI registration

Date of commencement

Application, saving or transitional provisions

[CO 02/314]

9/3/2002

11/3/2002

-

[CO 02/791]

12/7/2002

12/7/2002

-

[CO 02/1322]

5/12/2002

5/12/2002

-

[CO 03/1051]

16/12/2003

16/12/2003

-

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

Second para

am. [CO 02/1322]; [CO 03/1051]

Third para

am. [CO 02/791]; [CO 02/1322]; [CO 03/1051]