Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 00/0184]

Authoritative Version
CO 00/0184 Orders/ASIC Class Orders as made
ASIC Class Order [CO 00/184] provides conditional relief to Australian issuers of interests in managed investment schemes in New Zealand. The relief allows the responsible entity of a registered scheme to issue or transfer interests in the scheme without their receiving an application form if the application relates to a current New Zealand investment statement which complies with the New Zealand legislation.
Administered by: Treasury
General Comments: This Class Order was originally made under subsection 741(1) of the Corporatations Law and is continued in force under section 1399 of the Corporations Act 2001.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 4 April 2000.
Registered 17 Jan 2007
Gazetted 04 Apr 2000
Date of repeal 06 Jul 2012
Repealed by ASIC Class Order [CO 12/574]

Australian Securities and Investments Commission
Corporations Law — Subsection 741(1) — Exemption

 

 

Pursuant to subsection 741(1) of the Corporations Law (“the Law”), the Australian Securities and Investments Commission hereby exempts each responsible entity of a registered scheme from subsection 723(1) of the Law in the case specified in Schedule A on the condition specified in Schedule B.

 

 

SCHEDULE A

 

The issue or transfer of interests in the scheme to applicants otherwise than in response to an application form where the responsible entity reasonably believes the application relates to :

 

(a)        an investment statement as defined in the Securities Act (NZ) 1978 and the Securities Regulations (NZ) 1983 as modified or varied by the Securities Act (Australian Unit Trusts) Exemption Notice 1997 (or such other exemption notice that from time to time may replace, modify or vary that Notice) (“NZ securities provisions”); and

(b)        an offer or invitation made in New Zealand.

 

SCHEDULE B

This exemption applies for so long as and on condition that the responsible entity does not issue or permit the issue of a notice or other document in New Zealand relating to the interests if it does not comply with the NZ securities provisions.

 

 

Dated the 13th day of February 2000

 

 

 

 

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