Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 98/1805]

Authoritative Version
CO 98/1805 Orders/ASIC Class Orders as made
This Class Order modifies section 1464 of the Corporations Law so that a natural person who may act in the capacity of a management company, trustee or representative is not taken to have been substantially involved in business dealings, or in a professional capacity, with a responsible entity because the scheme was registered before they acted as the management company, trustee or representative of a prescribed interest undertaking (of which the responsible entity was the other body).
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General Comments: This Class Order was originally made under paragraph 601QA(1)(b) of the Corporations Law and is continued in force under section 1399 of the Corporations Act 2001.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 15 Sep 2015
Repealed by ASIC Redundant Class Orders (Amendment and Repeal) Instrument 2015/826

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 and Division 11 (second appearing) of Part 11.2 of the Law apply to a responsible entity of a registered scheme and a member of a compliance committee of a registered scheme as if section 1464 were modified or varied by the insertion of:

 

(a)        ", or a natural person who acted in the capacity of the other of those bodies," after "bodies" second appearing; and

 

(b)        "or as a natural person who acted in the capacity of that body," after "body".

 

 

Dated this 2nd day of October 1998

 

 

 

 

Signed by Brendan Byrne

as delegate of the Australian Securities and Investments Commission