CP 248 Remaking ASIC class orders on reporting by foreign entities: [CO 98/98] and [CO 02/1432]

Released 22 December 2015. Comments due by 29 February 2016.

This consultation paper sets out ASIC’s proposals to remake our class orders relating to reporting by foreign entities. Under the Legislative Instruments Act 2003, these class orders will expire (‘sunset’) if not remade.

We are seeking feedback on our proposals to remake the following class orders:

• Class Order [CO 98/98] Small proprietary companies which are controlled by a foreign company but which are not part of a large group in Australia, which is due to expire on 1 April 2017; and
• Class Order [CO 02/1432] Registered foreign companies: financial reporting requirements, which is due to expire on 1 April 2017.

Download CP 248 (PDF 140 KB) | Read the media release

- Attachment to CP 248 ASIC Corporations (Foreign Entity Reports) Instrument 2016/XX (PDF 120 KB)