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ASIC Corporations (Amendment) Instrument 2019/599

Authoritative Version
  • - F2019L00854
  • No longer in force
Other as made
This instrument amends ASIC Class Order [CO 14/1252] to ensure that the amendments made by the Treasury Laws Amendment (Protecting Your Superannuation Package) Regulations 2019 (the PYSP Regulations) are given effect and to ensure that modifications to Schedule 10 and Schedule 10D of the Corporations Regulations 2001 made by the class order are not inconsistent with the PYSP Regulations and continue to operate as intended.
Administered by: Treasury
Registered 21 Jun 2019
Tabling HistoryDate
Tabled HR02-Jul-2019
Tabled Senate02-Jul-2019
Date of repeal 17 Sep 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Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003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 2019/599

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

 

Date    20 June 2019

 

 

Grant Moodie

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2019/599.

2        Commencement

This instrument commences on the later of:

(a)     1 July 2019;

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

4        Schedule

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


Schedule 1—Amendments

ASIC Class Order [CO 14/1252]

1        Sub-subparagraph 6(f)(ia) (definition of administration fee)

Omit “an exit fee,

2        Sub-subparagraph 6(f)(ib) (definition of investment fee)

Omit “an exit fee,

3        Sub-subparagraph 6(fa)(v)

Omit, substitute:

(v)     omit the note below the table, substitute:

“Note: * Additional fees may apply.”;   

4        Subparagraph 6(k)

          Omit “paragraph 303(1)(b),”, substitute “paragraph 303(1)(c),”

5        Subparagraph 6(k) (notional paragraph 303(1)(c))

Omit “(c)”, substitute “(d)”

6        Subparagraph 6(k) (notional paragraph 303(1)(d))

Omit “(d)”, substitute “(e)”

7        Paragraph 6A

Omit, substitute:

6A.    In Schedule 10D to the Regulations, omit paragraph 8(6A)(a), substitute:

(a)     apply, adopt or incorporate the definitions in relation to fees mentioned in subsection 99BA(2) of the SIS Act or clause 209A of Schedule 10 and, for an insurance fee, as mentioned in subsection 29V(9) of the SIS Act; and