Federal Register of Legislation - Australian Government

Primary content

ASIC Class Order [CO 07/123]

Authoritative Version
  • - F2007L00668
  • No longer in force
CO 07/123 Orders/ASIC Class Orders as made
This Class Order extends unconditional relief provided under Class Order [CO 05/683] for general insurance products until 30 June 2008.
Administered by: Treasury
Registered 21 Mar 2007
Tabling HistoryDate
Tabled HR26-Mar-2007
Tabled Senate26-Mar-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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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 — Paragraph 1020F(1)(c) — Variation

 

Enabling legislation

 

1.                  The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) the Corporations Act 2001 (the Act).

 

Title

 

2.                  This instrument is ASIC Class Order [CO 07/123].

 

Commencement

 

3.                  This instrument commences on the later of:

 

(a)                the date it is registered under the Legislative Instruments Act 2003; and

 

(b)               1 April 2007.

 

Note: An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see the 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 05/683] is varied by:

 

(a)        in the note under paragraph 3 omitting “Instrument Act” and substituting “Instruments Act”;

 

(b)        omitting paragraph 4 and substituting:

 

“4.        Part 7.9 of the Act applies in relation to a general insurance product as if subregulation 7.9.15A(2) of the Corporations Regulations 2001 were modified or varied by omitting “1 January 2005” and substituting “30 June 2008.”; and

 

(c)        in paragraph 5 omitting the definitions of deposit product, facility and makes non-cash payments.

 

 

Dated this 12th day of March 2007

 

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission