Part 1—Preliminary
1 Name of legislative instrument
This is the ASIC Corporations (Amendment) Instrument 2020/827.
2 Commencement
This instrument commences on the later of:
(a) 1 October 2020; and
(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 paragraph 907D(2)(a) of the Corporations Act 2001.
4 Schedules
Each instrument that is specified in the Schedule to this instrument is amended as set out in the applicable items in the Schedule, and any other item in the Schedule has effect according to its terms.
Schedule 1—Amendments
ASIC Corporations (Derivative Transaction Reporting Exemption) Instrument 2015/844
1 Subsection 4(1) (definition of Identifying Information)
Repeal the definition.
2 Subsection 4(1) (definition of Relevant Foreign Jurisdiction)
Repeal the definition.
3 Subsection 5(1)
Omit “30 September 2020”, substitute “30 September 2022”.
4 Subsection 5(1)
Omit all the words after “where”, substitute:
the entry into of the arrangement that is the Derivative takes place on a financial market that is not operated in this jurisdiction and the following apply:
(a) the entry into of the arrangement that is the Derivative is in accordance with the operating rules of the financial market;
(b) the terms of the Derivative are documented under or prescribed by the operating rules of the financial market;
(c) the Derivative is made available in one or more series in accordance with the operating rules of the financial market and the terms of the arrangement constituting the Derivative are the same as for every other Derivative in the same series, with the exception of price.
5 Subsection 5(2)
Repeal the subsection.
6 Subsection 5(3)
Omit “or (2)”.
7 Paragraphs 5(3)(a) and (b)
Omit “1 October 2020”, substitute “1 October 2022”.
8 Subsection 5(3A)
Omit “paragraph (1)(a)”, substitute “subsection (1)”.
9 Paragraphs 5(3B)(b)
Omit all the words after “is”, substitute “a Regulated Foreign Market for the purposes of the Rules.”.
10 Subsections 5(4) and (5)
Repeal the subsections (including the heading).
11 Subsection 7(1)
Omit “30 September 2020”, substitute “30 September 2022”.
12 Sections 8, 9, 10 and 12
Repeal the sections.
13 Section 13
Omit “30 September 2020”, substitute “30 September 2022”.
14 Paragraph 14(a)
Omit “8(2) to (4), 9(2) and (3), 10(2) to (5), 11(2) and 12(2)”, substitute “6B(3) and 11(2)”.