Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 601QA(1)(a) — Variation

Under paragraph 601QA(1)(a) of the Corporations Act 2001 and with effect from the commencement of Schedule 1 to the Financial Services Reform Act 2001, the Australian Securities and Investments Commission hereby varies Class Order [98/51] by:

1. omitting from the heading the word “Law” and substituting the words “Act 2001”;

2. omitting from the introductory words, the words “Corporations Law” and substituting the words “Corporations Act 2001 (the “Act”)”;

3. omitting from the introductory words, the word “Law” (second occurring) and substituting the word “Act”; and

4. omitting all the text between the headings "Schedule" and "Interpretation" and substituting the following paragraph:

“Scheme property that is held separately from the assets of the responsible entity and of the person holding the property where that property is comprised of one or more of the following:

       (a)   cash (including foreign exchange);

       (b)   accounts and deposits with a bank or financial institution;

       (c)   securities as defined in subsection 92(1) of the Act;

       (d)   derivatives as defined in section 761D of the Act (but not including a

               chattel or real property mortgage);

       (e)   until 1 July 2002, an interest arising from an Eligible SELECT Master

              Agreement.”

Dated the 5th day of February 2002

Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission