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

Date: 1 March 2017

Contents

Part 1—Preliminary  3

1    Name of legislative instrument 3

2    Commencement 3

3    Authority. 3

4    Definitions. 3

Part 2—Exemptions  4

5    Hawking relief for certain financial products. 4

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.