Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 10/464]

Authoritative Version
  • - F2010L01687
  • No longer in force
CO 10/464 Orders/ASIC Class Orders as made
This Class Order makes a minor variation to ASIC Class Order [CO 10/29].
Administered by: Treasury
Registered 18 Jun 2010
Tabling HistoryDate
Tabled HR24-Jun-2010
Tabled Senate24-Jun-2010
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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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) of the Corporations Act 2001.

 

Title

 

2.       This instrument is ASIC Class Order [CO 10/464].

 

Commencement

 

3.       This instrument commences on the later of:

 

(a)     21 June 2010; and

 

(b)     the day the instrument 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 10/29] is varied by, after subparagraph 4(a), inserting:

 

“(aa)  omit paragraph 7.9.99(3)(b), substitute:

 

“(aa)  the person holds the product on behalf of another person except where that other person has the sole discretion to decide whether the product will be sold; or

 

(b)     another person is holding the product on the person’s behalf but only where the person has the sole discretion to decide whether the product will be sold; or”;

 

(ab)   omit paragraph 7.9.99(4)(b), substitute:

 

“(b)    has a contingent or non-contingent obligation to vest title in a lender under a securities lending arrangement; or”. ”

 

 

 

Dated this 17th day of June 2010

 

 

 

 

Signed by Andrew Fawcett

as a delegate of the Australian Securities and Investments Commission