ASIC Corporations (Time-sharing Schemes) Instrument 2017/272 (Cth)

ASIC Corporations (Time-sharing Schemes) Instrument 2017/272

About this compilation

Compilation No. 1

This is a compilation of ASIC Corporations (Time-sharing Schemes) Instrument 2017/272 as in force on 12 December 2020. 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 Exemption for forfeiture for non-payment 5A Equality of treatment 6 Valuation of property of registered time-sharing schemes Part 3—Declarations 7 Disclosure of prices for the purchase of time-sharing interests 7A Hardship withdrawals 8 Consequential modification of compliance plan requirements 8A Changing the constitution—hardship withdrawals 8B Obligations on a holder of an Australian financial services licence 8C Disclosure of fees and costs Part 4—Transitional 9 Rental pools covered by ASIC Class Order [CO 02/237] 10 Application of amendments made by Corporations (Amendment) Instrument 2020/1064 11 Disclosure of fees and costs—application to Product Disclosure Statements 12 Disclosure of fees and costs—application to periodic statements 13 Disclosure of fees and costs—transitional exemption from ongoing disclosure of material changes and significant events Endnotes Endnote 1—Instrument history Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Time-sharing Schemes) Instrument 2017/272.

3 Authority This instrument is made under subsections 601QA(1), 926A(2) and 1020F(1) of the Corporations Act 2001.