Federal Register of Legislation - Australian Government

Primary content

ASIC Class Order [CO 07/90]

Authoritative Version
  • - F2007L00340
  • No longer in force
CO 07/90 Orders/ASIC Class Orders as made
This Class Order amends ASIC Class Order [CO 02/237] to replace outdated references that no longer apply to time-sharing interests.
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 13 February 2007.
Registered 13 Feb 2007
Tabling HistoryDate
Tabled HR14-Feb-2007
Tabled Senate26-Feb-2007
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Australian Securities and Investments Commission

Corporations Act 2001 — Paragraphs 601QA(1)(a), 911A(2)(l) and 1020F(1)(a) — Variation

 

Enabling legislation

 

1.       The Australian Securities and Investments Commission (ASIC) makes the variations set out in this instrument under paragraphs 601QA(1)(a), 911A(2)(l) and 1020F(1)(a) of the Corporations Act 2001.

 

Title

 

2.         This instrument is ASIC Class Order [CO 07/90].

 

Commencement

           

3.         This instrument commences on the later of:

 

(a)        the date of its gazettal; and

 

(b)        the date it is registered under the Legislative Instruments Act 2003.

 

Note:       An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register). The FRLI may be accessed at http://www.frli.gov.au/.

 

Variation

 

4.         ASIC Class Order [CO 02/237] is varied by:

 

(a)        under the heading “First Exemption — Rental pools operated by operators of time-sharing schemes that are exempt from the managed investment provisions”:

 

(i)         in subparagraph 1(e) omitting “six” and substituting “6”; and

 

(ii)        in subparagraph 1(g) omitting “product;” and substituting “product; and”; and

 

(iii)       in subparagraph 1(h) omitting “; and” and substituting “.”; and

 

(iv)       omitting subparagraph 1(j),

 

(b)        under the heading “Second Exemption — Disclosure relief for rental pools forming part of registered time-sharing schemes”:

 

(i)        omitting “disclosure document or”; and

 

(ii)       omitting “Parts 6D.2 and 6D.3 and”; and

 

(iii)       in paragraph (b) omitting “six” and substituting “6”; and

 

(iv)       in paragraph (c) omitting “audit; “ and substituting “audit; and”; and

 

(v)        in paragraph (d) omitting “Exemption; and” and substituting “Exemption.”; and

 

(vi)      omitting paragraph (e).

 

 

Dated the 8th day of February 2007

 

 

 

 

Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission