ASIC Corporations (Amendment) Instrument 2015/617

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date  7 July 2015

Grant Moodie

Contents

Part 1—Preliminary 

1 Name of legislative instrument.....................................

2 Commencement................................................

3 Authority.....................................................

4 Schedules.....................................................

Schedule 1—Amendments 

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251...

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Corporations (Amendment) Instrument 2015/617.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislative Instruments.

Note: The register may be accessed at www.comlaw.gov.au.

3 Authority

This instrument is made under sections 341 and 601QA of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended as set out in the applicable items in the Schedule concerned.

Schedule 1—Amendments

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251

1 Paragraphs 7(2)(a) and (b)

Omit the paragraphs, substitute:

(a) Part 2M.3 of the Act in relation to:

(i) any subsequent financial year or half-year of the scheme; or

(ii) any earlier financial year or half-year of the scheme, but only to the extent that Part would have imposed, but for this subparagraph (ii), a continuing obligation on the responsible entity on or after the day that both paragraphs (1)(a) and (b) are satisfied; and             

(b) section 601HG of the Act in relation to:

(i) the financial year or any subsequent financial year of the scheme; or

(ii) any earlier financial year of the scheme, but only to the extent that section would have imposed, but for this subparagraph (ii), a continuing obligation on the responsible entity on or after the day that both paragraphs (1)(a) and (b) are satisfied; and

2 In section 13, paragraph (c) of the definition of relevant period

Omit the paragraph, substitute:

(c) for a report during the winding up—each period of 12 months.