Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 02/286]

Authoritative Version
CO 02/286 Orders/ASIC Class Orders as made
This Class Order provides that paragraph 1012B(4) of the Corporations Act 2001 does not apply in relation to persons who issue, offer or arrange for the issue of financial products and who are otherwise exempted by another ASIC instrument under paragraph 1020F(1)(a) of the Corporations Act.
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 12 March 2002.
Registered 06 Mar 2007
Gazetted 12 Mar 2002
Date of repeal 07 Mar 2017
Repealed by ASIC Corporations (Repeal) Instrument 2017/185

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 ("ASIC") hereby exempts the following persons from paragraph 1012B(4) of the Act, in the following cases and on the following conditions and for so long as they are met.

 

Persons

This exemption applies to persons (“exempted parties”) who are exempted by another ASIC instrument under paragraph 1020F(1)(a) of the Act (“original instrument”) from the requirement to provide a Product Disclosure Statement in regard to offering, issuing or arranging the issue of a financial product.

 

Cases

This exemption applies in the case or circumstances (however described) in which the original instrument applies to the extent that subsection 1012B(4) of the Act may require a Product Disclosure Statement to be given to a person by the exempted parties despite the original instrument.

 

 

Conditions

This exemption is subject to any conditions or other on-going requirements (however described) under the original instrument being met.

 

 

Commencement

 

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

 

 

Dated the 6th day of March 2002

 

 

 

 

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