Corporations Amendment Regulation 2013 (No. 2)
Select Legislative Instrument No. 83, 2013
I, Quentin Bryce AC CVO, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Corporations Act 2001.
Dated 16 May 2013
Quentin Bryce
Governor‑General
By Her Excellency’s Command
William Richard Shorten
Minister for Financial Services and Superannuation
Contents
2 Commencement
3 Authority
4 Schedule(s)
Schedule 1—Amendments
Corporations Regulations 2001
This regulation is the Corporations Amendment Regulation 2013 (No. 2).
This regulation commences on 1 July 2013.
This regulation is made under the Corporations Act 2001.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
1 After Division 4 of Part 7.7A
Insert:
Division 6—Exemptions from application of Part 7.7A of the Act
7.7A.40 Exemption from application of Part 7.7A of the Act
For paragraph 1368(d) of the Act, Part 7.7A of the Act does not have effect in relation to a financial services licensee or an authorised representative in respect of financial services provided to retail clients who are not in this jurisdiction.
2 After regulation 9.12.03
Insert:
9.12.04 Exemption from provisions of Chapter 7—compliance with ASIC exemptions
(1) For paragraph 1368(a) of the Act, Division 2 of Part 7.7A of the Act does not have effect in relation to a person to whom one of the following exemptions made by ASIC is stated to apply:
(a) ASIC Class Order [CO 05/736];
(b) ASIC Class Order [CO 05/1122];
(c) ASIC Class Order [CO 08/01];
(d) ASIC Class Order [CO 11/1227].
(2) The Division does not have effect subject to the condition that the person complies with the conditions set out in the exemption which applies to the person.