ASIC Class Order [CO 13/518]

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Australian Securities and Investments Commission
Corporations Act 2001 – Subsections 350(1), 601QA(1), 655A(1), 669(1), 673(1), 741(1) and 1020F(1) – Revocations and Variation
Enabling legislation
1.       The Australian Securities and Investments Commission (ASIC) makes this instrument under subsections 350(1), 601QA(1), 655A(1), 669(1), 673(1), 741(1) and 1020F(1) of the Corporations Act 2001.
2.       This instrument is ASIC Class Order [CO 13/518].
3.       This instrument commences on the date it is registered under the Legislative Instruments Act 2003.
Note:    An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, section 4 (definition of register).  The FRLI may be accessed at
4.       ASIC revokes the following class orders:
(a)     ASIC Class Order [CO 00/193];
(b)     ASIC Class Order [CO 00/343];
(c)     ASIC Class Order [CO 00/344];
(d)     ASIC Class Order [CO 01/1541];
(e)     ASIC Class Order [CO 01/1542];
(f)      ASIC Class Order [CO 01/1543];
(g)     ASIC Class Order [CO 01/1544];
(h)     ASIC Class Order [CO 01/1599];
(i)      ASIC Class Order [CO 02/924];
(j)      ASIC Class Order [CO 02/925];
(k)     ASIC Class Order [CO 02/926];
(l)      ASIC Class Order [CO 02/927];
(m)    ASIC Class Order [CO 03/633];
(n)     ASIC Class Order [CO 03/634];
(o)     ASIC Class Order [CO 03/635];
(p)     ASIC Class Order [CO 03/636];
(q)     ASIC Class Order [CO 04/631];
(r)      ASIC Class Order [CO 04/653];
(s)      ASIC Class Order [CO 04/1413].
5.       ASIC Class Order [CO 00/2338] is varied by omitting the following:
“And pursuant to subsection 655A(1) of the Law ASIC hereby varies class order [CO 00/344] by replacing condition 3(a) of Schedule D with the following:
“(a)   where the bid is an off-market bid — no earlier than 14 days and no later than 28 days after condition 1 is satisfied unless:
(i)      the directors of the target agree in writing; or
(ii)     ASIC agrees in writing; or
(iii)    all changes to the original bidder’s statement reflect a change in the valuation of securities offered as bid consideration since the day that the bidder lodged the original bidder's statement,
in any of which cases condition 2 may be satisfied less than 14 days after condition 1 is satisfied.”.”.
Dated this 17th day of June 2013
Signed by Grant Moodie
as a delegate of the Australian Securities and Investments Commission