Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 00/0172]

Authoritative Version
CO 00/172 Orders/ASIC Class Orders as made
This Class Order enables the period for the financial report included in an offer information statement to be longer or shorter than 12 months by up to 7 days. This Class Order also enables comparative information required to be included in a financial report for a period other than a financial year to be information for the immediately preceding 12 months rather than for the previous financial year.
Administered by: Treasury
General Comments: This Class Order was originally made under paragraph 741(1)(a) of the Corporations Law and is continued in force under section 1399 of the Corporations Act 2001.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 7 March 2000.
Registered 22 Jan 2007
Gazetted 07 Mar 2000
Date of repeal 17 Mar 2016
Repealed by ASIC Corporations (Repeal) Instrument 2016/171

Australian Securities and Investments Commission

 

Corporations Law

 

Paragraph 741(1)(a) - Exemption

 

 

Under paragraph 741(1)(a) of the Corporations Law (the Law) the Australian Securities and Investments Commission hereby gives the following exemptions to the extent and on the conditions specified in relation to each of them and for so long as the conditions are met.

 

First Exemption  -  Period of Financial Report

A body that offers securities using an offer information statement (OIS) is exempt from paragraph 715(2)(a) of the Law insofar as that paragraph requires the financial report included in the OIS to be a report for a 12 month period on the condition that the financial report is a report for a period shorter or longer than 12 months by not more than 7 days.

 

Second Exemption  -  Comparative Information

A body that offers securities using an OIS is exempt from paragraph 715(2)(b) of the Law insofar as that paragraph requires the financial report included in the OIS to include comparative information for the last financial year of a body which ended before the 12 month period referred to in paragraph 715(2)(a) of the Law on the condition that comparative information is included for the 12 month period which ended on the day immediately before the first day of the 12 month period referred to in paragraph 715(2)(a) of the Law.

 

 

Dated the 10th day of February 2000

 

 

 

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