ASIC Corporations (Amendment) Instrument 2024/276

I, Kate Metz, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date  24 June 2024

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

4 Schedules

Schedule 1—Amendment

ASIC Class Order [CO 14/1262]

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2024/276.

2 Commencement

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.

3 Authority

This instrument is made under paragraphs 926A(2)(c), 951B(1)(c), 994L(2)(c) and 1020F(1)(c) 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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendment

ASIC Class Order [CO 14/1262]

1 Section 4

 Omit “section 761A”, substitute “section 9”.

2 Section 4A

 Omit “section 910A”, substitute “section 961F”.

3 Section 4B (notional paragraph 7.8A.07(a) of the Corporations Regulations 2001)

 Omit “section 910A”, substitute “section 961F”.

4 Section 5 (notional subsection 1012D(7AA) of the Corporations Act 2001)

 Omit “section 761A”, substitute “section 9”.

5 Section 6 (paragraphs (a) and (b) of the definition of affected term deposit)

 Omit “section 761A”, substitute “section 9”.

6 Section 6 (subparagraph (c)(i) of the definition of affected term deposit)

Omit “30 June 2024”, substitute “31 March 2025”.

7 Section 6 (definition of deposit product)

 Omit “section 761A”, substitute “section 9”.