ASIC Corporations (Repeal and Transitional) Instrument 2017/186
I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.
Stephen Yen
ASIC Corporations (Repeal and Transitional) Instrument 2017/186
I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.
Stephen Yen
Contents
1 Name of legislative instrument
5 Repeal of amending and repealing instruments
Transitional continuation of relief given by repealed ASIC Class Order
1 Name of legislative instrument
This is the ASIC Corporations (Repeal and Transitional) Instrument 2017/186.
This instrument commences on the day after it is registered on the Federal Register of Legislation.
Note: The register may be accessed at www.legislation.gov.au.
This instrument is made under paragraphs 283GA(1)(a), 741(1)(a), 992B(1)(a) and 1020F(1)(a) of the Corporations Act 2001.
Each instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
5 Repeal of amending and repealing instruments
(1) The repeal of an instrument by section 4 does not affect any amendment to or repeal of another instrument (however described) made by the instrument.
(2) Subsection (1) does not limit the effect of section 7 of the Acts Interpretation Act 1901 as it applies to the repeal of an instrument by section 4.
Transitional continuation of relief given by repealed ASIC Class Order
1 Transitional 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) Subitem (1) has effect for a period of 2 years commencing on the day this instrument commences.