Federal Register of Legislation - Australian Government

Primary content

ASIC Corporations (Amendment) Instrument 2018/1028

Authoritative Version
  • - F2018L01565
  • No longer in force
Other as made
This instrument amends ASIC Class Order [CO 13/763] to reinstate the exemptions previously granted to investor directed portfolio services (IDPS) operators from Division 8 of Part 7.8, and Part 7.9, in relation to a financial product that is an interest in a managed investment scheme arising out of participation in the IDPS.
Administered by: Treasury
Registered 12 Nov 2018
Tabling HistoryDate
Tabled Senate14-Nov-2018
Tabled HR26-Nov-2018
Date of repeal 03 Jul 2019
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Amendment) Instrument 2018/1028

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date    8 November 2018

 

 

Grant Moodie

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2018/1028.

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) and 1020F(1) of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended as set out in the applicable items in the Schedule.


Schedule 1—Amendments

ASIC Class Order [CO 13/763]

1        Subparagraph 4(c)

Omit the subparagraph, substitute:

(c)     Division 8 of Part 7.8 or Part 7.9 of the Act in relation to a financial product that is:

(i)      an interest in a managed investment scheme arising out of participation or proposed participation in the IDPS; or

(ii)     an equitable right or interest in an accessible financial product arising because of a holding, or an offer to hold or arrange for the holding of, the accessible financial product through the IDPS.