AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
SUBSECTION 341(1) CORPORATIONS LAW
CLASS ORDER AND REVOCATION

PURSUANT to subsection 341(1) of the Corporations Law ("the Law") the AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION HEREBY MAKES AN ORDER in respect of each company which is, or is a wholly owned subsidiary of, an authorised trustee corporation as defined in section 9 of the Law ("the Company") relieving the Company from compliance with the requirements of the Law specified in the Schedule where the particulars of the relief given by this order are provided in the notes to the financial statements.

SCHEDULE

Paragraphs 4.1 to 7.2 of accounting standard AASB 1033 "Presentation and Disclosure of Financial Instruments" and paragraphs 4.1 to 7.2 of accounting standard AASB 1034 "Information to be Disclosed in Financial Reports" insofar as those provisions require the Company's financial report for a financial year or half-year to disclose, whether in the balance sheet, consolidated balance sheet or any note to the financial statements:

(a)	liabilities incurred by the Company whilst acting:

(i)	as trustee (except in relation to a controlled entity); or

(ii)	in a representative capacity where the Company has taken in its own name a grant of probate of the will of a deceased person or of letters of administration of the estate of a deceased person,

in respect of which the Company has a valid and subsisting right of indemnity out of any assets which are sufficient to satisfy the right of indemnity; and

(b)	the amount and description of the assets from which the Company has a right of indemnity in respect of any liability to which paragraph (a) applies.

PURSUANT to subsection 341(1) of the Corporations Law the AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION HEREBY REVOKES Class Order Number 97/1012 dated 9 July 1997 with effect from:

(i)	in respect of entities which apply the relief provided by Class Order 98/0095 dated 10 July 1998, financial years ending after 7 July 1998; and

(ii)	in all other cases, financial years ending after 30 June 1998. 

Dated the 10th day of July 1998

Signed by George Durbridge
as a delegate of the Australian Securities and Investments Commission