Federal Register of Legislation - Australian Government

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Other as made
This instrument operates to repeal ASIC Class Order [CO 02/273] while providing transitional relief to extend its effect for two years.
Administered by: Treasury
Registered 23 Mar 2017
Tabling HistoryDate
Tabled HR27-Mar-2017
Tabled Senate28-Mar-2017
Table of contents.

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ASIC Corporations (Repeal and Transitional) Instrument 2017/186

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

Date: 16 March 2017

 

 

 

Stephen Yen

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Repeal and Transitional) Instrument 2017/186.

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 paragraphs 283GA(1)(a), 741(1)(a), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5        Repeal of amending and repealing instruments

(1)     The repeal of an instrument by section 4 does not affect any amendment to or repeal of another instrument (however described) made by the instrument.

(2)     Subsection (1) does not limit the effect of section 7 of the Acts Interpretation Act 1901 as it applies to the repeal of an instrument by section 4.


Schedule 1—Repeal

ASIC Class Order [CO 02/273]

1        The whole of the instrument

Repeal the instrument.

 


Schedule 2—Savings

Transitional continuation of relief given by repealed ASIC Class Order

1        Transitional relief

(1)     An exemption specified in an ASIC Class Order specified in Schedule 1 as in force immediately before its repeal, continues to apply by force of this item, in the circumstances and on the conditions specified in relation to the exemption.

(2)     Subitem (1) has effect for a period of 2 years commencing on the day this instrument commences.