
ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150
About this compilation
Compilation No. 3
This is a compilation of ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150 as in force on 5 October 2021. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Part 2—Exemptions
5 Financial services and managed investment scheme relief for employee redundancy schemes
Licensing
(1) A person does not have to comply with subsection 911A(1) of the Act where they provide financial services in relation to interests in an employee redundancy scheme.
Managed investments and associated provisions
(2) A person who operates or promotes an employee redundancy scheme does not have to comply with sections 601ED and 992A and Part 7.9 of the Act in relation to:
(a) making offers for the issue of an interest in; or
(b) making recommendations to acquire an interest in; or
(c) making offers to arrange the issue of interests in; or
(d) operating;
an employee redundancy scheme.
Sunset date
(3) The exemptions in subsections (1) and (2) apply until 1 October 2024.
Endnotes
Endnote 1—Instrument history
| | | |
2015/1150 | 16/12/2015 (see F2015L02021) | 17/12/2015 | |
2018/825 | 24/9/2018 (see F2018L01335) | 25/9/2018 | - |
2021/767 | 8/9/2021 (see F2021L01245) | 9/9/2021 | - |
2021/799 | 22/9/2021 (see F2021L01310) | 5/10/2021 | - |
Endnote 2—Amendment history
ad. = added or inserted am. = amended LA = Legislation Act 2003 rep. = repealed rs. = repealed and substituted
| |
Section 2 | rep. s48D LA |
Section 5 | am. 2018/825 |
Subsection 5(2) | am. 2021/799 |
Subsection 5(3) | am. 2021/767 |