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ASIC Class Order [CO 08/801]

Authoritative Version
  • - F2008L04171
  • No longer in force
CO 08/801 Orders/ASIC Class Orders as made
This Class Order makes minor variations by removing restrictions on the kinds of convertible securities and products in relation to which covered short sales may be conducted for hedging purposes, despite the general prohibition against such sales.
Administered by: Treasury
Registered 24 Oct 2008
Tabling HistoryDate
Tabled HR10-Nov-2008
Tabled Senate10-Nov-2008
Date of repeal 11 Dec 2009
Repealed by ASIC Class Order [CO 09/1063]

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) of the Corporations Act 2001 (the Act).

Title

2.         This instrument is ASIC Class Order [CO 08/801].

Commencement

3.         This instrument commences on 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.         Notional section 1020BD of the Act as set out in paragraph 4 of ASIC Class Order [CO 08/751] is varied by omitting paragraph (5)(b) and substituting:

“(b)      being issued with securities or products on the conversion of a convertible security or convertible product.”.

 

Dated this 23rd day of October 2008

 

 

Signed by Stephen Yen, PSM
as a delegate of the Australian Securities and Investments Commission