Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 04/173]

Authoritative Version
  • - F2007B00092
  • No longer in force
CO 04/173 Orders/ASIC Class Orders as made
This Class Order varies ASIC Class Order [CO 01/1256].
Administered by: Treasury
Registered 22 Jan 2007
Gazetted 09 Mar 2004
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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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 88B(3) — Variation

Under subsection 88B(3) of the Corporations Act 2001 the Australian Securities and Investments Commission varies Class Order [CO 01/1256] by:

1.         in paragraph (b), omitting “and” at the end of the paragraph;

2.         in paragraph (c), omitting “requirements.” and substituting “requirements; and”; and

3.         adding after paragraph (c):

“(d)      any member of an eligible foreign professional body who:

(i)         has at least 3 years of practical experience in accounting or auditing; and

(ii)        is providing a certificate for the purposes of paragraph 708(8)(c) or paragraph 761G(7)(c) of the Act to a person who is resident in the same country (being a country other than Australia) as that member.

Interpretation

In this instrument “eligible foreign professional body” means each of the following:

(a)        American Institute of Certified Public Accountants;

(b)       Association of Certified Chartered Accountants (United Kingdom);

(c)        Canadian Institute of Chartered Accountants;

(d)       Institute of Chartered Accountants of New Zealand;

(e)        The Institute of Chartered Accountants in England and Wales;

(f)        The Institute of Chartered Accountants in Ireland;

(g)        The Institute of Chartered Accountants of Scotland.”.

 

Dated the 2nd day of March 2004

 

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