Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 98/1806]

Authoritative Version
CO 98/1806 Orders/ASIC Class Orders as made
This Class Order modifies subsections 601JB(3) and 601JB(4) of the Corporations Act 2001 so that a person who is an external director of a related body corporate of the responsible entity or a member of a compliance committee of a registered scheme operated by a related body corporate of the responsible entity, may be eligible to be an external director of the responsible entity or a member of the compliance committee of a registered scheme operated by the responsible entity.
Administered by: Treasury
General Comments: This Class Order was originally made under paragraph 601QA(1)(b) of the Corporations Law and is continued in force under section 1399 of the Corporations Act 2001.
Registered 30 May 2007
Gazetted 03 Nov 1998
Date of repeal 05 Jul 2017
Repealed by ASIC Corporations (Amendment and Repeal) Instrument 2017/545

Australian Securities and Investments Commission


Corporations Law Paragraph 601QA(1)(b) - Declaration

 

Pursuant to paragraph 601QA(1)(b) of the Corporations Law ("the Law") the Australian Securities and Investments Commission hereby declares that Chapter 5C of the Law applies to a responsible entity of a registered scheme and a member of the compliance committee of a registered scheme as if:

 

(a)                  in subsection 601JB(3), "and paragraph 4(a)" were inserted after "2(a)"; and

 

(b)                  subsection 601JB(4) were modified or varied by the insertion of "or a related body corporate" after "responsible entity" wherever appearing.

 

 

 

Dated this 2nd day of October 1998

 

 

 

Signed by Brendan Byrne

as delegate of the Australian Securities and Investments Commission