Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 04/1435]

Authoritative Version
CO 04/1435 Orders/ASIC Class Orders as made
This Class Order grants relief from the obligation to disclose as an amount in dollars (ie Australian currency) any amount that is denominated in a foreign currency. The relief applies to Statements of Advice, Product Disclosure Statements and periodic statements.
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 21 December 2004.
Registered 06 Mar 2007
Gazetted 21 Dec 2004
Date of repeal 19 Aug 2016
Repealed by ASIC Corporations (Repeal) Instrument 2016/768

Australian Securities and Investments Commission

Corporations Act 2001 — Paragraphs 951B(1)(a) and 1020F(1)(a) — Exemption

 

1.         The Australian Securities and Investments Commission grants this exemption under paragraphs 951B(1)(a) and 1020F(1)(a) of the Corporations Act 2001 (the Act).

 

Statements of Advice

 

2.         A providing entity does not have to comply with paragraphs 947B(2)(h), 947C(2)(i) and 947D(2)(d) of the Act to the extent that those provisions require an amount that is denominated in a foreign currency to be stated as an amount in Australian currency in a Statement of Advice.

 

Product Disclosure Statements and periodic statements

 

3.         A responsible person does not have the comply with paragraph 1013D(1)(m) and subsection 1017D(5A) of the Act to the extent that those provisions require an amount that is denominated in a foreign currency to be stated as an amount in Australian currency in a Product Disclosure Statement or a periodic statement.

 

Interpretation

 

4.         In this instrument:

 

providing entity has the meaning given in section 944A of the Act; and

 

responsible person has the meaning given in section 1013A of the Act.

 

 

Dated this 8th day of December 2004

 

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission