Document ID: chunk:federal_register_of_legislation:F2021C01043:body:0:p12
Version: federal_register_of_legislation:F2021C01043
Segment Type: other
Provision Reference: 
Character Range: 29343–32234

the holder on or after that date, it would be issued to the holder as a retail, non-associated client.
Paragraph (b) applies to short-term investment products issued before and after the commencement of this subsection.
(6) The charitable investment fundraiser must comply with subsections 7(1) to (4) in relation to any identification statement accepted by ASIC or a sponsor for the purposes of this instrument.

9 ASIC Instrument 04/0024
(1) ASIC Instrument 04/0024 (the old instrument) as in force immediately before its repeal continues to apply until 31 December 2017, subject to the following:
           (a) the exemptions specified in the First exemption (within the meaning of the old instrument) apply as if the First exemption were amended by:
(i) omitting "for as long as the following conditions are met" and substituting "subject to the following conditions"; and
(ii) omitting "where the conditions referred to above are met" and substituting "subject to the conditions referred to above";
              Note: The effect of this is that an exemption will not cease to apply merely because a related condition (including a condition referred to in paragraph (b)) is not or has not previously been satisfied.
           (b) in addition to the conditions specified in the old instrument, the exemptions set out in the First exemption (within the meaning of the old instrument) are also subject to the conditions in subsections (4) and (5);
           (c) each exemption (including any related conditions) in the old instrument from the requirement to hold an Australian financial services licence that is expressed to be made under paragraph 911A(2)(l) of the Act has effect under section 926A of the Act instead.

              Note:  ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115 provides relief from subsections 911A(1) and 911B(1) of the Act to a person who provides financial services on behalf of a person who does not need an Australian financial services licence because of an exemption made under section 926A of the Act.
    Where old instrument continues to apply
(2) Until 28 February 2017, the old instrument continues to apply as specified in subsection (1).
(3) Between 1 March 2017 and 31 December 2017, the old instrument continues to apply as specified in subsection (1):
           (a) in relation to a charitable investment fundraiser in relation to debentures or interests in a managed investment scheme if:
(i) CDPF Limited ACN 067 995 448 (CDPF) is a sponsor; and
(ii) the charitable investment fundraiser has had accepted for the purposes of this instrument an identification statement that relates to the debentures or interests with CDPF and CDPF has not notified the charitable investment fundraiser in writing that CDPF has revoked the acceptance.
(b) in relation to a person other than a charitable investment fundraiser in