ATHOC Submissions – RG160 – Sunsetting Clauses
April 11, 2017 10:03 pm
As phase one, ASIC have released the new legislative instrument, which remakes the sunsetting time-sharing class orders [CO 00/2460], [CO 02/237] and [CO 03/104] in substantially the same form and provides transitional relief to existing operators relying on [CO 02/237] by the sunsetting deadline of 1 April 2017.
This will maintain the status quo while they undertake further consultation on proposals outlined in CP 272. We will consider any more substantive changes that are required to the relief as part of our work in phase two.
A feedback report on responses to CP 272 will also be released shortly.
ATHOC is now looking at the submissions that have been made public and will work on further responses throughout the year. If you have any queries, please don’t hesitate to give ATHOC a call.