ob体育

ob体育 has today remade six class orders on application form requirements that are due to expire ('sunset') in 2017.

A new instrument, ob体育 Corporations (Application Form Requirements) Instrument 2017/241, consolidates and replaces the following class orders and instruments:

1. [CO 02/260] Product Disclosure Statements: Application forms created by a licensee;
2. [CO 14/26] Personalised or Australian financial services licensee created application forms;
3. [CO 02/262] Applications to switch managed investment products;
4. [CO 07/10] Technical disclosure relief for reconstructions and capital reductions (paragraphs 4 and 8);
5. [CO 02/437] Eligible applications: Relief from s1016A for managed investment products; and
6. ob体育 Corporations (Options: Bonus Issues) Instrument 2016/77

Class Order [CO 07/10] Technical disclosure relief for reconstructions and capital reductions (paragraph 9) has been remade into ob体育 Corporations (Capital Reductions and Reconstructions 鈥� Technical Disclosure Relief) Instrument 2017/242.

The class orders were remade following public consultation via Consultation Paper 274 - Remaking ob体育 class orders on application form requirements(CP 274), issued in November 2016.聽

CP 274 sought feedback on ob体育's proposals to continue the relief in [CO 02/260], [CO 02/262], [CO 02/437] and [CO 07/10] without substantive changes, and to consolidate the relief in the above instruments as well as [CO 14/26] and ob体育 Corporations (Options: Bonus Issues) Instrument 2016/77 into one instrument. We received two informal submissions to CP 274 in support of the proposals to continue the relief and consolidate it into one instrument.

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• CP 274

Background

Under the Legislation Act 2003, legislative instruments such as class orders sunset after 10 years unless action is taken to exempt or preserve them. This ensures that legislative instruments like class orders are kept up to date and only remain in force while they are fit for purpose and relevant.