Federal Register of Legislation - Australian Government

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ASIC Corporations (Amendment) Instrument 2021/230

Authoritative Version
  • - F2021L00501
  • In force - Latest Version
Other as made
This instrument amends ASIC Class Order [CO 12/752], ASIC Class Order [CO 13/760] and ASIC Class Order [CO 13/761] to allow an Australian financial services licensee to include a right-of-use asset in its calculation of net tangible assets.
Administered by: Treasury
Registered 28 Apr 2021
Tabling HistoryDate
Tabled HR11-May-2021
Tabled Senate11-May-2021
To be repealed 12 Aug 2021
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003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 2021/230

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

 

Date    26 April 2021

 

 

 

Grant Moodie

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2021/230.

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 926A(2) 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 12/752]

1        Paragraph 4 (definition of excluded assets in notional subsection 912AB(13) of the Act)

After paragraph (e) of the definition, insert the following paragraph:

(ea)    a right-of-use asset arising under a lease; and   

ASIC Class Order [CO 13/760]

2        Paragraph 4 (definition of excluded assets in notional subsection 912AA(11) of the Act)

After paragraph (e) of the definition, insert the following paragraph:

(ea)    a right-of-use asset arising under a lease; and   

ASIC Class Order [CO 13/761]

3        Paragraph 4 (definition of excluded assets in notional subsection 912AC(12) of the Act)

After paragraph (e) of the definition, insert the following paragraph:

(ea)    a right-of-use asset arising under a lease; and