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ASIC Corporations (Amendment) Instrument 2015/617

Authoritative Version
  • - F2015L01140
  • No longer in force
Other as made
This instrument amends the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 to extend the exemption for registered schemes being wound up so that it is consistent with the exemption granted to companies being wound up, in relation to past financial years, and to remove an unintended consequence that arises from the definition of relevant period in relation to the alternative reporting requirements under section 601NFA of the Act for registered schemes being wound up.
Administered by: Treasury
Registered 13 Jul 2015
Tabling HistoryDate
Tabled HR10-Aug-2015
Tabled Senate10-Aug-2015
Date of repeal 15 Jul 2015
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003

Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Amendment) Instrument 2015/617

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date                7 July 2015

 

Grant Moodie

 


Contents

Part 1—Preliminary                                                                                                     3

1    Name of legislative instrument........................................................................ 3

2    Commencement............................................................................................... 3

3    Authority......................................................................................................... 3

4    Schedules......................................................................................................... 3

Schedule 1—Amendments                                                                                           4

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.... 4

 


Part 1—Preliminary

1        Name of legislative instrument

This instrument is ASIC Corporations (Amendment) Instrument 2015/617.

2        Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislative Instruments.

Note:    The register may be accessed at www.comlaw.gov.au.

3        Authority

This instrument is made under sections 341 and 601QA of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended as set out in the applicable items in the Schedule concerned.


Schedule 1—Amendments

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251

1        Paragraphs 7(2)(a) and (b)

Omit the paragraphs, substitute:

(a)     Part 2M.3 of the Act in relation to:

(i)      any subsequent financial year or half-year of the scheme; or

 

(ii)     any earlier financial year or half-year of the scheme, but only to the extent that Part would have imposed, but for this subparagraph (ii), a continuing obligation on the responsible entity on or after the day that both paragraphs (1)(a) and (b) are satisfied; and   

 

(b)     section 601HG of the Act in relation to:

 

(i)      the financial year or any subsequent financial year of the scheme; or

 

(ii)     any earlier financial year of the scheme, but only to the extent that section would have imposed, but for this subparagraph (ii), a continuing obligation on the responsible entity on or after the day that both paragraphs (1)(a) and (b) are satisfied; and

2        In section 13, paragraph (c) of the definition of relevant period

Omit the paragraph, substitute:

(c)     for a report during the winding up—each period of 12 months.