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ASIC Corporations (Serviced Apartment and Like Schemes) Instrument 2016/869
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Administered by
Department of the Treasury
This item is authorised by the following title:
Corporations Act 2001
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F2021C01045 C02
05 October 2021
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Part 1—Preliminary
1 Name of legislative instrument
3 Authority
4 Definitions
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Part 2—Exemptions for management rights schemes
5 Exemption for operators from requirement to register the scheme, hold a financial services licence and the share hawking provisions
6 General conditions on operators other than promoter developers
7 Breach reporting condition for operators other than promoter developers
8 Exemption for a real estate (selling) agent from the requirement to hold an Australian financial services licence
9 Exemption for other persons from the prohibition on hawking
10 Procedures for transferring management rights
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Part 3—Relief for registered schemes
11 Valuation of property of registered serviced apartment schemes
12 Consequential modification of compliance plan requirements
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Part 4—Relief for strata schemes
13 Strata scheme where all strata units acquired for at least $500,000
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Part 5—Transitional
14 Schemes covered by ASIC Class Orders [CO 02/245], [CO 02/303] and [CO 02/304]
15 Schemes covered by ASIC Class Order [CO 07/189]
16 Schemes covered by ASIC Pro Forma 186
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Endnotes
Endnote 1—Instrument history
Endnote 2—Amendment history
