Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 11/1277]

Authoritative Version
  • - F2011L02721
  • No longer in force
CO 11/1277 Orders/ASIC Class Orders as made
This Class Order amends the ASIC Class Order [CO 02/1176], which gives exemptions from the need for certain 'transferring financial institutions' (under Schedule 4 of the Corporations Act) to comply with the need to hold an Australian financial services licence, Part 7.7, and section 1017F of the Corporations Act in relation to the offer of member shares (as defined in regulation 12.8.03 of the Corporations Regulations).
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 20 December 2011.
Registered 16 Dec 2011
Tabling HistoryDate
Tabled HR07-Feb-2012
Tabled Senate07-Feb-2012
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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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 911A(2)(l), 951B(1)(a) and 1020F(1)(a) — Variation


Enabling legislation


1.       The Australian Securities and Investments Commission makes this instrument under paragraphs 911A(2)(l), 951B(1)(a) and 1020F(1)(a) of the Corporations Act 2001 (the Act).




2.       This instrument is ASIC Class Order [CO 11/1277].




3.       This instrument commences on the later of:


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


(b)     the date it is gazetted.


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, section 4 (definition of register). The FRLI may be accessed at http://www.frli.gov.au/.




4.       ASIC Class Order [CO 02/1176] is varied by, in Schedule A, omitting paragraphs (a) and (b) and substituting:


“(a)    is covered by clause 3 of Schedule 4 to the Act;


(b)     on 1 July 1999 was permitted to use the expression “credit union”, “credit society”, or “credit co-operative” under section 66 of the Banking Act 1959.”.



Dated this 8th day of December 2011





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