Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F(1)(c) — Variation

Enabling legislation

1. The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) of the Corporations Act 2001 (the Act).

Title

2. This instrument is ASIC Class Order [CO 12/1592].

Commencement

3. This instrument commences on the day it is registered under the Legislative Instruments Act 2003.

Note: An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, section 4 (definition of register).  The FRLI may be accessed at http://www.frli.gov.au/.

Variation

4. ASIC Class Order [CO 12/749] is varied as follows:

(a) in paragraph 5, omit notional subregulation 7.9.11S(7), substitute:

“(7) Until 22 June 2013, subregulation (6) does not apply to a hedge fund or fund of hedge funds to which both of the following apply:

(a) a Product Disclosure Statement covering a financial product that relates to the fund was prepared and given on or before 22 June 2012;

(b) the Product Disclosure Statement was prepared or purported to be prepared in accordance with Part 7.9 of the Act as affected by this Subdivision.”;

(b) in paragraph 6 omit “22 June 2013.”, substitute “22 June 2014.”.  

Dated this 26th day of November 2012

Signed by Stephen Yen PSM

as a delegate of the Australian Securities and Investments Commission