Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 7.12 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (IPH Limited Employee Share Scheme Disclosure) Instrument 2024/293; and the ASIC Corporations (L ' Or é al SA Employee Share Scheme Disclosure) Instrument 2024/296.
For legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.12, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
CCH note - modifying legislative instruments: The application of Division 1A is affected by the following legislative instruments that commenced on or after 1 January 2022: the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021; the ASIC Corporations (IPH Limited Employee Share Scheme Disclosure) Instrument 2024/293; and the ASIC Corporations (L ' Or é al SA Employee Share Scheme Disclosure) Instrument 2024/296.
For legislative instruments or class orders before 1 January 2022 that affect the application of Division 1A, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
CCH Note: Subdivision F is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
CCH Note: Section 1100ZK is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
Application
1100ZK(1)
This section applies in relation to Chapters 2L , 5 , 5C , 6D and 7 (the covered Chapters ) and this Division.
Exemptions and declarations on application of this Division
1100ZK(2)
ASIC may do either or both of the following: (a) exempt a person from all or specified provisions of the covered Chapters or this Division; (b) declare that the covered Chapters or this Division apply in relation to a person, as if specified provisions were omitted, modified or varied as specified in the declaration.
1100ZK(3)
The exemption or declaration may do all or any of the following: (a) relate to all persons, specified persons or a specified class of persons; (b) relate to any other matter generally or as specified.
Imposition of conditions on exemption
1100ZK(4)
An exemption may apply unconditionally or subject to specified conditions.
1100ZK(5)
An entity to whom a condition specified in an exemption applies must comply with the condition.
1100ZK(6)
The Court may order the entity to comply with the condition in a specified way. Only ASIC may apply to the Court for the order.
Exemptions and declarations relating to all or a class of persons
1100ZK(7)
An exemption or declaration that relates to all persons, or a specified class of persons, must be made by legislative instrument.
Exemptions and declarations relating to specified persons
1100ZK(8)
An exemption or declaration that relates to a specified person must be made by notifiable instrument.
1100ZK(9)
ASIC must give a copy of an exemption or declaration that relates to a specified person to the person as soon as is reasonably practicable after the exemption or declaration is made.
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