Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 03/748]

Authoritative Version
CO 03/748 Orders/ASIC Class Orders as made
This Class Order relieves financial services licensees who are natural persons from the requirement under s 989B(1) of the Corporations Act 2001 to include in a profit and loss statement any revenues and expenses that do not relate to a financial services business carried on by them.
Administered by: Treasury
General Comments: This instrument was published in the Australian Securities and Investments Commission Gazette on 2 September 2003.
Registered 02 May 2007
Gazetted 02 Sep 2003
Date of repeal 07 Apr 2017
Repealed by ASIC Corporations (Repeal) Instrument 2017/308

 

Australian Securities and Investments Commission

Corporations Act 2001  -  Paragraph 992B(1)(b)  -  Exemption

 

Under paragraph 992B(1)(b) of the Corporations Act 2001 ("the Act"), the Australian Securities and Investments Commission hereby exempts each financial services licensee that is a natural person ("the licensee") from subsection 989B(1) of the Act to the extent that it requires the licensee to include in a profit and loss statement any revenues and expenses that do not relate to a financial services business carried on by the licensee.

 

 

Dated this 22nd day of August 2003

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission