Federal Register of Legislation - Australian Government

Primary content

ASIC Class Order [CO 14/978]

Authoritative Version
CO 14/978 Orders/ASIC Class Orders as made
This class order expands the operation of the 'personal offers' exemption in subsection 708(5) of the Corporations Act so that it does not count offers made in reliance of Class Orders [CO 14/1000] and [CO 14/1001].
Administered by: Treasury
Made 27 Oct 2014
Registered 30 Oct 2014
Tabled HR 14 Nov 2014
Tabled Senate 17 Nov 2014

Australian Securities and Investments Commission

Corporations Act 2001 – Subsection 741(1) - Declaration

 

Enabling legislation

 

1.       The Australian Securities and Investments Commission (ASIC) makes this instrument under subsections 741(1) of the Corporations Act 2001 (the Act).

 

Title

 

2.         This instrument is ASIC Class Order [CO 14/978].

 

Commencement

 

3.       This instrument commences on the day 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, section 4 (definition of register). The FRLI may be accessed at http://www.frli.gov.au/.

 

Declaration

 

4.       Chapter 6D of the Act applies to all persons as if subsection 708(5) were modified or varied by, after paragraph (a), inserting:

 

“(aa)       do not need a disclosure document because of an instrument made under section 741; or”.

 

Where this instrument applies

 

5.       This instrument applies in relation to an arrangement covered by:

 

(a)     ASIC Class Order [CO 14/1000]; or

 

(b)     ASIC Class Order [CO 14/1001].

 

 

Dated this 27th day of October 2014

 

 

Signed by Grant Moodie
as a delegate of the Australian Securities and Investments Commission