Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 03/911]

Authoritative Version
CO 03/911 Orders/ASIC Class Orders as made
This Class Order [CO 03/911] provides licensing relief for bodies that (a) are entitled to the licensing exemption in section 766C(4) of the Corporations Act 2001 (known as the 'self-dealing exemption'); and (b) provide general advice to wholesale clients in an offer document about securities covered by section 766C(4).
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 4 November 2003.
Registered 06 Mar 2007
Gazetted 04 Nov 2003
Date of repeal 27 Sep 2016
Repealed by ASIC Corporations (Amendment and Repeal) Instrument 2016/895

Australian Securities and Investments Commission

Corporations Act 2001  –  Paragraph 911A(2)(l)  –  Exemption

 

Under paragraph 911A(2)(l) of the Corporations Act 2001 ("the Act") the Australian Securities and Investments Commission exempts an entity to which subsection 766C(4) of the Act applies from the requirement to hold an Australian financial services licence for the provision to wholesale clients of general advice that relates to securities, debentures, stocks or bonds of that entity and is contained in a document offering those securities, debentures, stocks or bonds for issue.

 

Interpretation

 

In this instrument:

 

"general advice" has the meaning given by subsection 766B(4) of the Act;

 

"offer" has a meaning affected by subsection 1010C(2) of the Act; and

 

"wholesale client" has the meaning given by subsection 761G(4) of the Act.

 

Commencement

 

This instrument takes effect on gazettal.

 

 

 

Dated this 30th day of October 2003

 

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission