Document ID: chunk:federal_register_of_legislation:F2024C01051:body:0:p1
Version: federal_register_of_legislation:F2024C01051
Segment Type: other
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Character Range: 0–3762

ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751

made under subsections 601QA(1), 926A(2), 951B(1) and 992B(1) of the Corporations Act 2001

                    Compilation No. 2
                    Compilation date: 14 October 2024
                    Includes amendments: F2024L01272

About this compilation

This compilation
This is a compilation of the ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751 that shows the text of the law as amended and in force on 14/10/2024 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary..................................................4
1 Name of legislative instrument...........................................4
3 Authority............................................................4
4 Definitions..........................................................4
Part 2—Exemptions..................................................7
5 Risk management scheme exemptions.....................................7
6 Conditions...........................................................9
7 Exclusion from relying on this instrument.................................11
8 Application of relief to non-incorporated group purchasing bodies..............11
9 Application for review by Administrative Review Tribunal of decisions made under section 7              11
Endnotes..........................................................13
Endnote 1—About the endnotes.............................................13
Endnote 2—Abbreviation key..............................................14
Endnote 3—Legislation history.............................................15
Endnote 4—Amendment history............................................16

Part 1—Preliminary

1 Name of legislative instrument
This is the ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751.

3 Authority
This instrument is made under subsections 601QA(1), 926A(2), 951B(1) and 992B(1) of the Corporations Act 2001.

4 Definitions
In this instrument:
Act means the Corporations Act 2001.
authorised representative has the meaning given by section 761A of the Act.
control has the meaning given by section 50AA of the Act.
custodial or depository service has the meaning given by section 766E of the Act.
decision has the same meaning as in the Administrative Review Tribunal Act 2024.
employee includes independent contractor.
financial product advice has the meaning given by