ASIC Corporations (Repeal and Transitional) Instrument 2016/396

About this compilation

Compilation No. 2

This is a compilation of ASIC Corporations (Repeal and Transitional) Instrument 2016/396 as in force on 10 September 2019. 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.

Contents

Part 1—Preliminary

1 Name of legislative instrument

3 Authority

4 Schedules

Schedule 1—Repeals

ASIC Class Order [CO 03/1099]

ASIC Class Order [CO 03/1100]

ASIC Class Order [CO 03/1101]

ASIC Class Order [CO 03/1102]

ASIC Class Order [CO 03/1103]

ASIC Class Order [CO 04/829]

ASIC Class Order [CO 04/1313]

Schedule 2—Savings

Transitional continuation of relief given by repealed ASIC Class Orders

Endnotes

Endnote 1—Instrument history

Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Repeal and Transitional) Instrument 2016/396.

3 Authority

This instrument is made under paragraph 911A(2)(l) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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

ASIC Class Order [CO 03/1099]

1 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 03/1100]

2 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 03/1101]

3 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 03/1102]

4 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 03/1103]

5 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 04/829]

6 The whole of the instrument

Repeal the instrument.

ASIC Class Order [CO 04/1313]

7 The whole of the instrument

Repeal the instrument.

Schedule 2—Savings

Transitional continuation of relief given by repealed ASIC Class Orders

1 Transitional licensing relief

(1) An exemption specified in an ASIC Class Order specified in Schedule 1 as in force immediately before its repeal, continues to apply by force of this item, in the circumstances and on the conditions specified in relation to the exemption.

(2) An exemption that continues to apply by force of subitem (1) applies provided any person relying on the exemption complies with any written notice given by ASIC directing the person to give to ASIC, within the time specified in the notice, a written statement containing specified information about the financial service business operated by the person in this jurisdiction.

(3) Subitems (1) and (2) have effect for the period commencing on the day this instrument commences and ending on 31 March 2020.

Endnotes

Endnote 1—Instrument history

Endnote 2—Amendment history

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