ASIC Corporations (Compromises or Arrangements) Instrument 2015/358 (Cth)

ASIC Corporations (Compromises or Arrangements) Instrument 2015/358

About this compilation

Compilation No. 2

This is a compilation of ASIC Corporations (Compromises or Arrangements) Instrument 2015/358 as in force on 24 August 2018. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Part 1—Preliminary 1 Name of legislative instrument 3 Authority 4 Definitions Part 2—Exemptions 5 Disclosure relief for foreign compromises or arrangements 6 Disclosure relief for Part 5.1 compromises or arrangements Part 3—Declaration 7 Disclosure relief for Part 5.1 compromises or arrangements: legislative drafting clarification Endnotes Endnote 1—Instrument history Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument This instrument is ASIC Corporations (Compromises or Arrangements) Instrument 2015/358.

3 Authority This instrument is made under sections 741 and 1020F of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001. adviser means: (a) a financial services licensee; or (b) an authorised representative of a financial services licensee. authorised representative has the meaning given by section 761A of the Act. eligible foreign country means each of the following: (a) Hong Kong; (b) Malaysia; (c) New Zealand; (d) Singapore; (e) South Africa; (f) United Kingdom. foreign compromise or arrangement means a compromise or arrangement that is: (a) between a foreign company and its members or any class of them; and (b) regulated by or under a law that is in force in or in a part of an eligible foreign country.