ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693 (Cth)

ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price for Interests in Managed Investment Schemes) Instrument 2023/693 I, Leah Sciacca, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 8 September 2023

Leah Sciacca

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Declaration 5 Amount of consideration to acquire interest or to be paid upon withdrawal 6 Discretions affecting the amount of consideration to acquire interests and payments for withdrawal 7 Disclosure of information about discretions 8 Application Part 3—Repeal 9 Repeal

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

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

4 Definitions In this instrument: Act means the Corporations Act 2001.

Part 2—Declaration

5 Amount of consideration to acquire interest or to be paid upon withdrawal Chapter 5C of the Act applies to a responsible entity as if provisions of that Chapter were modified or varied by: (a) in section 601GA: (i) in paragraph (1)(a) before "the", inserting "except as provided by sections 601GAD and 601GAE,"; and (ii) in subsection (4) omit "must:", substituting "must, subject to section 601GAF:"; and

(b) after section 601GAC inserting:

"601GAD Constitutional provisions about the amount of the consideration for the acquisition of interests