Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 02/0145]

Authoritative Version
CO 02/0145 Orders/ASIC Class Orders as made
This Class Order gives relief from the 'exposure period' requirement contained in section 1016B of the Corporations Act 2001 to a person who lodges a product disclosure statement under which there are offered no financial products other than managed investment products which are of a class that are already able to be traded on a prescribed financial market at the time of lodgment.
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 19/02/2002.
Registered 14 Feb 2007
Gazetted 19 Feb 2002
Date of repeal 17 Mar 2016
Repealed by ASIC Corporations (Repeal) Instrument 2016/171
Table of contents.

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F (1)(a) — Exemption

 

Under paragraph 1020F(1)(a) of the Corporations Act 2001 (“the Act”), and for the avoidance of doubt, the Australian Securities and Investments Commission hereby exempts each person in the class of persons mentioned in Schedule A in the case mentioned in Schedule B from section 1016B  of the Act.

 

SCHEDULE A

Persons who lodge Product Disclosure Statements of the kind mentioned in Schedule B.

 

SCHEDULE B

The lodgment of a Product Disclosure Statement under which there are offered no financial products other than managed investment products which are in the same class as managed investment products which at the time of the lodgment are able to be traded on a prescribed financial market.

 

Note:      Section 1015B specifies that Product Disclosure Statements for certain managed investment products are required to be lodged.

 

 

Commencement

 

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

 

Dated the 6th day of February 2002

 

 

 

 

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