Document ID: chunk:federal_register_of_legislation:F2022C00347:schedule:2
Version: federal_register_of_legislation:F2022C00347
Segment Type: schedule
Provision Reference: sch 2
Character Range: 1899–4280

Schedule 2—Savings

Transitional continuation of relief given by repealed ASIC Class Order
      1 Transitional relief
          (1) An exemption specified in ASIC Class Order [CO 02/273] as in force immediately before its repeal, continues to apply by force of this item, in the circumstances specified in item 2 and in the circumstances and on the conditions specified in relation to the exemption.
          (2) Subitem 1(1) has effect until 1 October 2022.
      2 Where exemption applies
          (1) From 1 April 2022, an exemption specified in subitem 1(1) applies to a person who was relying on an exemption specified in subitem 1(1) on 31 March 2022:
            (a) until 2 May 2022; and
            (b) after 2 May 2022, if the person has given ASIC a notice that complies with item 3 by 2 May 2022.
          (2) From 1 April 2022, an exemption specified in subitem 1(1) applies to a person who was not relying on an exemption specified in
          subitem 1(1) on 31 March 2022:
          (a) who has given ASIC a notice that complies with item 4;
          (b) from the date specified in the notice under subitem 4(c).
      3 Continuing reliance notice
      A notice under sub-subitem 2(1)(b) must set out in writing all of the following:
         (a) the name of the person;
         (b) each exemption specified in subitem 1(1) relied on;
         (c) the date the person started to rely on the exemption.
      4 Opt-in notice
      A notice under sub-subitem 2(2)(b) must set out in writing all of the following:
       (a) the name of the person;
       (b) each exemption specified in subitem 1(1) to be relied on;
       (c) the date the person will start to rely the exemption.

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration     Date of commencement  Application, saving or transitional provisions
2017/186           23/3/2017 (see F2017L00283)  24/3/2017
2019/216           20/3/2019 (see F2019L00325)  21/3/2019             -
2022/0077          31/3/2022 (see F2022L00444)  1/4/2022              -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected         How affected
Section 2                  rep. s48D LA
Schedule 2 (subitem 1(2))  rs. 2019/216
Schedule 2                 rs. 2022/0077