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ASIC Class Order [CO 14/632]

Authoritative Version
CO 14/632 Orders/ASIC Class Orders as amended, taking into account amendments up to ASIC Corporations (Amendment) Instrument 2016/45
Administered by: Treasury
Registered 04 Mar 2016
Start Date 12 Feb 2016
Date of repeal 14 May 2016
Repealed by

ASIC Class Order [CO 14/632]

Key management personnel equity instrument disclosures

This instrument has effect under s341(1) of the Corporations Act 2001.

This compilation was prepared on 2 March 2016 taking into account amendments up to ASIC Corporations (Amendment) Instrument 2016/45 that commenced on 12 February 2016. See the table at the end of this class order.

Prepared by the Australian Securities and Investments Commission.


Australian Securities and Investments Commission
Corporations Act 2001 — Subsection 341(1) — Order

 

Enabling legislation

 

1.       The Australian Securities and Investments Commission makes this order under subsection 341(1) of the Corporations Act 2001 (the Act).

 

Title

 

2.       This order is ASIC Class Order [CO 14/632].

 

Commencement

 

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

 

Order

 

4.       A disclosing entity is relieved from sections 298 and 300A of the Act to the extent items 18 and 19 of the table in subregulation 2M.3.03(1) of the Corporations Regulations 2001 (the Regulations) require the directors’ report for a financial year of the disclosing entity to include details of equity instruments or transactions involving equity instruments, where those equity instruments are not issued by the disclosing entity or any of its subsidiaries.

 

5.         This order applies in relation to financial years ending on or before 31 December 2016.

 

Condition

 

6.       The disclosing entity must ensure that, in relation to an equity instrument issued or issuable by it and any of its subsidiaries that is required to be disclosed under items 17, 18 and 19 of the table in subregulation 2M.3.03(1) of the Regulations, the directors’ report for the financial year:

 

(a)     separately specifies each class of equity instrument; and

 

(b)     identifies each class of equity instrument by:

 

(i)      the name of the issuing entity;

 

(ii)     the class of equity instrument; and

 

(iii)    if the instrument is an option or right—the class and number of equity instruments for which it may be exercised.

        

Interpretation

 

7.       In this order:

 

(a)     directors’ report has the same meaning as in subsection 298(1) of the Act.

 

(b)     any other expression that is used in subregulation 2M.3.03(1) of the Regulations and defined in a relevant accounting standard that is applied for the purposes of disclosing information, has the same meaning given by that accounting standard.

Notes to ASIC Class Order [CO 14/632]

Note 1

ASIC Class Order [CO 14/632] (in force under s341(1) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the tables below.

Table of Instruments

Instrument number

Date of FRLI registration

Date of commencement

Application, saving or transitional provisions

[CO 14/632]

30/6/2014 (see F2014L00893)

30/6/2014

 

[CO 14/885]

22/12/2014 (see F2014L01778)

23/12/2014

-

2015/455

22/5/2015 (see F2015L00724)

23/5/2015

-

2016/45

11/2/2016 (see F2016L00104)

12/2/2016

-

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

Para 5..........................

rs. [CO 14/885]

am. 2015/455 and 2016/45