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This instrument repeals ASIC Class Order [CO 09/425] and further omits and amends references to ASIC Class Order [CO 09/425] in other class orders and instruments, due to the remaking of the relief in new legislative instrument ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.
Administered by: Treasury
Registered 28 Aug 2019
Tabling HistoryDate
Tabled HR09-Sep-2019
Tabled Senate09-Sep-2019
Table of contents.

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ASIC Corporations (Amendment and Repeal) Instrument 2019/548

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

 

Date    26 August 2019

 

 

 

Grant Moodie

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment and Repeal) Instrument 2019/548.

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 subsections 601QA(1), 741(1) and 1020F(1) of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned.

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 of this instrument.


Schedule 1—Amendments

ASIC Class Order [CO 13/655]

1        Subparagraph 4(b) (notional subsection 601GAD(4))

Omit “ASIC Class Order [CO 09/425].”, substitute “ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.”

ASIC Class Order [CO 13/656]

2        Subparagraph 4(d)

Omit “ASIC Class Order [CO 09/425].”, substitute “ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.”

ASIC Corporations (Amendment and Repeal) Instrument 2015/843

3        Schedule 1 (item 4)

Omit the item (including the heading)

ASIC Corporations (Managed investment product consideration) Instrument 2015/847

4        Subparagraph 5(b) (notional subsection 601GAA(4))

Omit “ASIC Class Order [CO 09/425].”, substitute “ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.”

ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73

5        Subparagraph 5(a) (definition of technical relief instrument)

In the table, omit the entire row for item 12, substitute:

 

12.

ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

ASIC Class Order [CO 09/425] (as in force as at the day immediately before the day the class order was repealed)

ASIC Corporations (Sale Offers That Do Not Need Disclosure) Instrument 2016/80

6        Subsection 5(4) (Category 1: Share or interest purchase plans)

Omit paragraph (a) and (b), substitute:

(a)     ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547;

(b)     ASIC Class Order [CO 09/425] (as in force as at the day immediately before the day the class order was repealed);

(c)     an individual instrument made by ASIC which provided relief from Part 6D.2 or Part 7.9 of the Act with respect to a share purchase plan, interest purchase plan or a like plan in terms similar to those legislative instruments.

Schedule 2—Repeals

ASIC Class Order [CO 09/425]

1        The whole of the instrument

Repeal the instrument.