New and updated ASIC instruments

Since 2020 ASIC has published a regulatory tracker which lists new and updated legislative instruments issued by it. Here’s the 2025 list.

Here’s a snapshot of what’s changed recently:

  • ASIC Corporations (Amendment) Instrument 2025/456 exempts insurers and brokers from certain retail client obligations under the Corporations Act, specifically when incidental retail cover is provided in wholesale insurance contracts. It amends ASIC Corporations (Incidental Retail Cover) Instrument 2022/716 to extend the relief until 16 August 2030.
  • ASIC Corporations (Deposit Product Disclosure) Instrument 2025/509 remakes ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683, which exempts regulated persons from the requirement for a Product Disclosure Statement for a deposit product to specify the interest rate. The exemption applies in specified circumstances. It also exempts issuers of deposit products from including the termination value in periodic statements..

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David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

 

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