AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

SUBSECTION 341(1) CORPORATIONS LAW

CLASS ORDERS

Pursuant to subsection 341(1) of the Corporations Law (“the Law”), the AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (“ASIC”) HEREBY MAKES AN ORDER in respect each company, registered scheme or disclosing entity (the “Entity”) from the requirements of s.296(1) of the Law to the extent that any accounting standard requires the financial report for a half-year or financial year to include comparative financial information in respect of the immediately preceding half-year or the immediately preceding financial year where:

(a) Both of the following applied:

(i) The Entity was not subject to any provision of the Law (including Part 1.2A, Chapter 2M, s.860, s.1058, s.1218 or any corresponding previous provision) requiring it to prepare, a financial report or accounts in respect of the immediately preceding half-year or the immediately preceding financial year, as applicable (whether by operation of a section of the Law, the Corporations Regulations or an ASIC class order);  and

(ii) The Entity was not a prescribed interest undertaking which was a disclosing entity;  and

(b) A statement is included in the notes to the financial report describing:

(i) the nature of the relief provided under this order;  and

(ii) the reasons why the Entity was not required to prepare a financial report or accounts in the immediately preceding half-year or financial year.

Dated the 29th day of July 1998

………………………………………

Signed by Richard Cockburn

as a delegate of the Australian Securities and Investments Commission