This is the ASIC Corporations (Amendment and Repeal) Instrument 2023/670.

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 341(1), 601QA(1), 655A(1), 673(1), 741(1), 926A(2), 951B(1), 992B(1) and 1020F(1) of the Corporations Act 2001 and subsection 5A(4) of the Corporations (Fees) 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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

ASIC Corporations (IDPS—Relevant Interests) Instrument 2015/1067

1 Section 5 (note)

Omit “ASIC Class Order [CO 13/763]”, substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.

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

2 Section 15 (notional sections 912AEF and 912AG)

Omit “ASIC Class Order [CO 13/762]” (wherever occurring), substitute “ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668”.

3 Section 15 (notional sections 912AEF and 912AG)

Omit “ASIC Class Order [CO 13/763]” (wherever occurring), substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.

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

4 Section 4 (definition of IDPS)

Omit “ASIC Class Order [CO 13/763]”, substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.

5 Section 4 (definition of IDPS-like scheme)

Omit “ASIC Class Order [CO 13/762]”, substitute “ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668”.

6 Section 8 (notional subsection 912AH(10), definition of IDPS)

Omit “ASIC Class Order [CO 13/763]”, substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.

7 Section 8 (notional subsection 912AH(10), definition of IDPS-like scheme)

Omit “ASIC Class Order [CO 13/762]”, substitute “ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668”.

ASIC Corporations (Financial Requirements for CSF Intermediaries) Instrument 2017/339

8 Section 5 (notional subparagraph 912AH(1)(b)(iv))

Omit “ASIC Class Order [CO 13/763]”, substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.

ASIC (Fees—Complexity Criteria) Instrument 2018/578

9 Subparagraph 5(2)(f)(v)

Omit “an IDPS (as defined in ASIC Class Order [CO 13/763]) or an IDPS-like scheme (as defined in ASIC Class Order [CO 13/762])”, substitute “an IDPS (as defined in ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669) or an IDPS-like scheme (as defined in ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668)”.

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

10 Section 4 (definition of IDPS and IDPS-like scheme)

Omit “ASIC Class Order [CO 13/763] and [CO 13/762]”, substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669 and ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668”.

ASIC Corporations (Hardship Withdrawals Relief) Instrument 2020/778

11 Section 4 (definition of excluded scheme)

Omit “ASIC Class Order [CO 13/762]”, substitute “ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668”.

ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument 2022/497

12 Section 7 (notional subsections 1015C(3A) and (3C))

Omit “ASIC Class Order [CO 13/762]”, substitute “ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668”.

13 Section 4 and section 7 (notional subsections 1015C(3A) and (3C))

Omit “ASIC Class Order [CO 13/763]” (wherever occurring), substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.

ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022/705

14 Section 5 (definition of IDPS in notional subsection 912AB(13))

Omit “ASIC Class Order [CO 13/763]”, substitute “ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669”.