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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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