ASIC Class Order [CO 13/18]

About this compilation

Compilation No. 3

This is a compilation of ASIC Class Order [CO 13/18] as in force on 9 July 2016. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information

about amending instruments and the amendment history of each amended provision.

Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
National Credit Code – Subsection 6(17) – Exclusion

Enabling legislation

1. The Australian Securities and Investments Commission (ASIC) makes this instrument under subsection 6(17) of the National Credit Code (the Code).

Note: The Code is found in Schedule 1 to the National Consumer Credit Protection Act 2009.

Title

2. This instrument is ASIC Class Order [CO 13/18].

Exclusion

4. ASIC excludes from the application of the Code a provision of credit constituted by:

 (a) an arrangement (a litigation funding arrangement) for participating in, conducting and funding legal proceedings brought by or on behalf of a person or persons; or

 (b) an arrangement (a proof of debt funding arrangement) for proving claims made by a person or persons under Division 6 of Part 5.6 of the Corporations Act 2001 (including funding of the preparation and lodgment of the proofs).

5. This instrument has effect until 12 July 2017.

Notes to ASIC Class Order [CO 13/18]

Note 1

ASIC Class Order [CO 13/18] (in force under s6(17) of the National Credit Code) as shown in this compilation comprises that Class Order amended as indicated in the tables below.

Table of Instruments

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     LA = Legislation Act 2003   rs. = repealed and substituted