Federal Register of Legislation - Australian Government

Primary content

ASIC Class Order [CO 13/18]

Authoritative Version
CO 13/18 Orders/ASIC Class Orders as amended, taking into account amendments up to ASIC Credit (Amendment) Instrument 2017/641
Administered by: Treasury
Registered 19 Jul 2017
Start Date 11 Jul 2017

ASIC Class Order [CO 13/18]

About this compilation

 

Compilation No. 4

 

This is a compilation of ASIC Class Order [CO 13/18] as in force on 11 July 2017. It includes any commenced amendment affecting the legislative instrument to that date.

 

This compilation was prepared by the Australian Securities and Investments Commission.

 

The notes at the end of this compilation (the endnotes) include information

about amending instruments and the amendment history of each amended provision.


Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
National Credit Code – Subsection 6(17) – Exclusion

Enabling legislation

1.    The Australian Securities and Investments Commission (ASIC) makes this instrument under subsection 6(17) of the National Credit Code (the Code).

Note: The Code is found in Schedule 1 to the National Consumer Credit Protection Act 2009.

Title

2.    This instrument is ASIC Class Order [CO 13/18].

Exclusion

4.    ASIC excludes from the application of the Code a provision of credit constituted by:

 (a)  an arrangement (a litigation funding arrangement) for participating in, conducting and funding legal proceedings brought by or on behalf of a person or persons; or

 (b)  an arrangement (a proof of debt funding arrangement) for proving claims made by a person or persons under Division 6 of Part 5.6 of the Corporations Act 2001 (including funding of the preparation and lodgment of the proofs).

5.    This instrument has effect until 12 July 2019.

Notes to ASIC Class Order [CO 13/18]

Note 1

ASIC Class Order [CO 13/18] (in force under s6(17) of the National Credit Code) 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 13/18]

11/1/2013 (see F2013L00043)

11/1/2013

 

[CO 13/897]

12/7/2013 (see F2013L01374)

12/7/2013

-

[CO 14/569]

10/7/2014 (see F2014L00976)

10/7/2014

-

2016/632

8/7/2016 (see F2016L01171)

9/7/2016

-

2017/641

10/7/2017 (see F2017L00904)

11/7/2017

-

 

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     LA = Legislation Act 2003   rs. = repealed and substituted

Provision affected

How affected

Para 3.......................... ............ rep. s48D LA*

rep. s48D LA

Paragraph 5.................

am. [CO 13/897]; [CO 14/569]; 2016/632 and 2017/641