Federal Register of Legislation - Australian Government

Primary content

Other as made
This instrument provides relief from the hawking provisions for securities and managed investment schemes to ensure each financial product need comply with only one hawking regime.
Administered by: Treasury
Registered 06 Mar 2017
Tabling HistoryDate
Tabled HR20-Mar-2017
Tabled Senate20-Mar-2017
Table of contents.

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ASIC Corporations (Securities and Managed Investment Scheme Hawking Relief) Instrument 2017/184

I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date: 1 March 2017

 

 

 

Stephen Yen

 



Part 1—Preliminary

1        Name of legislative instrument

This instrument is the ASIC Corporations (Securities and Managed Investment Scheme Hawking Relief) Instrument 2017/184.

2        Commencement

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

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

3        Authority

This instrument is made under subsection 992B(1) of the Corporations Act 2001.

4        Definitions

In this instrument:

Act means the Corporations Act 2001.


Part 2—Exemptions

5        Hawking relief for certain financial products  

Relief for unregistered managed investment schemes

(1)     A person making an offer of interests in a managed investment scheme that are not managed investment products does not have to comply with subsection 992A(1) of the Act.

Relief for securities and interests in managed investment schemes

(2)     A person making an offer of securities or interests in a managed investment scheme does not have to comply with subsection 992A(3) of the Act.