ASIC has issued two important relief instruments to replace expiring class orders affecting AFS licensees who deal in basic deposit and insurance products:

• ASIC Corporations (Basic Deposit and General Insurance Product Distribution) Instrument 2015/682 modifies sections 910A and 911B of the Corporations Act 2001 to allow AFS licensees who are authorised to deal in basic deposit products and general insurance products to appoint distributors to deal in these products on their behalf (avoiding the need to appoint the distributors as authorised representatives).
• ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683 provides exemptions from the requirements to disclose an interest rate in a Product Disclosure Statement for a deposit product and disclose a termination value in a periodic statement for a deposit product.