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ASIC Corporations (Amendment and Repeal) Instrument 2021/799

I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date 21 September 2021

 

 

 

Anthony Graham

 

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

4 Schedules

Schedule 1—Amendments

ASIC Class Order [CO 13/762]

ASIC Class Order [CO 13/763]

ASIC Class Order [CO 14/1000]

ASIC Class Order [CO 14/1001]

ASIC Corporations (Avia Syndicate) Instrument 2015/825

ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150

ASIC Corporations (Horse Schemes) Instrument 2016/790

ASIC Corporations (School Enrolment Deposits) Instrument 2016/812

ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813

ASIC Corporations (Serviced Apartment and Like Schemes) Instrument 2016/869

ASIC Corporations (Property Rental Schemes) Instrument 2016/870

ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968

ASIC Corporations (Managed Investment Schemes: Interests Not For Money) Instrument 2016/1107

ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156

ASIC Corporations (Mortgage Investment Schemes) Instrument 2017/857

ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

ASIC Corporations (Conditional Costs Schemes) Instrument 2020/38

Schedule 2—Repeals

ASIC Corporations (Securities and Managed Investment Scheme Hawking Relief) Instrument 2017/184

ASIC Corporations (Life Risk Insurance and Consumer Credit Insurance) Instrument 2019/839

Part 1Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Amendment and Repeal) Instrument 2021/799.

2 Commencement

This instrument commences on the later of:

(a) 5 October 2021; and

(b) the day after it is registered on the Federal Register of Legislation.

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

3 Authority

This instrument is made under subsections 601QA(1), 741(1), 992B(1) and 1020F(1) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned.

Schedule 1Amendments

ASIC Class Order [CO 13/762]

1 Subparagraph 4(a)

After 6D.3 insert or section 992A.

ASIC Class Order [CO 13/763]

2 Paragraph 4(b)

After 6D.3 insert or section 992A.

3 Paragraph 11(a)

Omit of the Act for an offer securities, substitute or section 992A of the Act for an offer.

ASIC Class Order [CO 14/1000]

4 Paragraph 13

Omit “unsolicited meeting or telephone call held or, substitute unsolicited contact with the eligible participant.

5 Paragraph 13

Omit “section 736, 992A or 992AA, substitute section 992A.

ASIC Class Order [CO 14/1001]

6 Paragraph 13

Omit “unsolicited meeting or telephone call held or, substitute unsolicited contact with the eligible participant.

7 Paragraph 13

Omit “section 736, 992A or 992AA, substitute section 992A.

ASIC Corporations (Avia Syndicate) Instrument 2015/825

8 Subsection 5(3)

Omit (except section 736)”.

ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150

9 Subsection 5(2)

Omit “; 992A; and 992AA;, substitute and 992A.

ASIC Corporations (Horse Schemes) Instrument 2016/790

10 Subsection 6(4)

Omit “992AA, substitute 992A.

11 Subsection 6(4)

Omit all the words from and including because of to and including meeting or call, substitute because of, an unsolicited contact with the person, if, at the commencement of the unsolicited contact.

ASIC Corporations (School Enrolment Deposits) Instrument 2016/812

12 Paragraph 5(1)(c)

Omit “992AA of the Act in relation to, substitute 992A of the Act in relation to a school enrolment debenture or.

ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813

13 Paragraph 5(1)(c)

Omit 992AA of the Act in relation to, substitute 992A of the Act in relation to a debenture or.

ASIC Corporations (Serviced Apartment and Like Schemes) Instrument 2016/869

14 Paragraph 5(1)(c)

Omit “sections 992A and 992AA, substitute section 992A.

15 Section 9

Omit “and 992AA.


ASIC Corporations (Property Rental Schemes) Instrument 2016/870

16 Section 7

Omit “sections 992A and 992AA, substitute section 992A.

ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968

17 Paragraph 5(1)(b) and subsection 11(1)

After “6D.3” insert “or section 992A”.

ASIC Corporations (Managed Investment Schemes: Interests Not For Money) Instrument 2016/1107

18 Subsections 5(3), 6(3) and 7(3)

Omit “992AA, substitute 992A.

ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156

19 Paragraphs 5(1)(a) and 6(1)(a)

 After “6D.3” insert “or section 992A”.

ASIC Corporations (Mortgage Investment Schemes) Instrument 2017/857

20 Subsection 5(4)

Omit “992AA, substitute 992A.

21 Subsection 5(4)

Omit all the words after because of, substitute , an unsolicited contact with the person.

ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

22 Subsection 6(2)

Omit “(other than sections 736 and 738)”.

ASIC Corporations (Conditional Costs Schemes) Instrument 2020/38

23 Section 7

Omit “subsection 992A(1) or (3), or subsection 992AA(1),, substitute section 992A.

Schedule 2Repeals

ASIC Corporations (Securities and Managed Investment Scheme Hawking Relief) Instrument 2017/184

1 The whole of the instrument

Repeal the instrument.

ASIC Corporations (Life Risk Insurance and Consumer Credit Insurance) Instrument 2019/839

2 The whole of the instrument

Repeal the instrument.