Federal Register of Legislation - Australian Government

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Other as made
This instrument repeals the ASIC Class Order [CO 13/760], ASIC Class Order [CO 13/761] and ASIC Corporations (Financial Requirements for Corporate Directors of Retail Corporate Collective Investment Vehicles) Instrument 2022/449, and amends the ASIC Corporations (Financial Requirements for CSF Intermediaries) Instrument 2017/339, ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669, ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849, and ASIC Corporations (Foreign Financial Services Providers—Foreign AFS Licensees) Instrument 2020/198 to update cross-references.
Administered by: Treasury
Registered 31 Aug 2023
Tabling HistoryDate
Tabled HR04-Sep-2023
Tabled Senate05-Sep-2023
Date of repeal 11 Nov 2023
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

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ASIC Corporations (Amendment and Repeal) Instrument 2023/649

I, Leah Sciacca, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date    30 August 2023

 

 

Leah Sciacca

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment and Repeal) Instrument 2023/649.

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 283GA(1), 601QA(1), 655A(1), 741(1), 926A(2), 992B(1), 1020F(1) and 1100ZK(2) 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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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 (Financial Requirements for CSF Intermediaries) Instrument 2017/339

1        Section 5 (notional subsection 912AH)

Omit “ASIC Class Order [CO 13/761]” (wherever occurring), substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669

2        Section 4 (paragraphs (d) and (e) of the definition of applicable ASIC legislative instrument)

Repeal the paragraphs, substitute:

(d)     ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647;

(e)     ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648;

ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849

3          Subparagraph 6(a)(ii) (note)

Omit “ASIC Class Orders [CO 13/760] and [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 and   ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

4          Paragraph 7(1)(b)

Omit “ASIC Class Order [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

5          Subsection 7(1) (note)

Omit “ASIC Class Order [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

ASIC Corporations (Foreign Financial Services Providers—Foreign AFS Licensees) Instrument 2020/198

6          Paragraph 18(1)(d)

Omit “ASIC Class Order [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

 

 


Schedule 2—Repeals

ASIC Class Order [CO 13/760]

1        The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 13/761]

2        The whole of the instrument

Repeal the instrument.

ASIC Corporations (Financial Requirements for Corporate Directors of Retail Corporate Collective Investment Vehicles) Instrument 2022/449

3        The whole of the instrument

Repeal the instrument.