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ASIC Corporations (Amendment) Instrument 2023/24

Authoritative Version
  • - F2023L00059
  • No longer in force
Other as made
This instrument amends the ASIC Corporations (Short Selling) Instrument 2018/745 to correct a misdescribed amendment made by the ASIC Corporations (Short Selling) Amendment Instrument 2022/968.
Administered by: Treasury
Registered 30 Jan 2023
Tabling HistoryDate
Tabled HR06-Feb-2023
Tabled Senate06-Feb-2023
Date of repeal 30 Mar 2023
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003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 2023/24

I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.


Date    25 January 2023




Anthony Graham


Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2023/24.

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 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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

ASIC Corporations (Short Selling) Instrument 2018/745

1        Section 11 (notional subsection 1020B(7H))

Repeal the notional subsection, substitute:

(7H)        A person must only, in this jurisdiction, sell section 1020B products to a buyer on a licensed market during a deferred settlement trading period if, at the time of the sale:

(a)     the person is or, if the person is selling on behalf of another person, that other person is; or

(b)     the person believes on reasonable grounds that the person is or, if the person is selling on behalf of another person, that other person is;

in a class of persons who, because such persons hold financial products of a particular class, have an entitlement to be issued with or transferred the section 1020B products under or in connection with the corporate action.”.