pc
nid 93877
Jul 09, 2026
kgurnani@vixio.com
Australia
Australian Securities and Investments Comission
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1562 charsAustralian Securities and Investments Commission Amends Corporations Legislation Through Instrument 2026/564
On July 6, 2026, the Australian Securities and Investments Commission (ASIC) issued the ASIC Corporations (Amendment and Repeal) Instrument 2026/564, a legislative instrument that came into force on the same date. The instrument amends and repeals provisions under the Corporations Act 2001 and the Corporations (Fees) Act 2001, which are administered by the Department of the Treasury.
The instrument represents ASIC's exercise of its regulatory authority to modify existing corporations legislation. As a legislative instrument, it operates within the framework established by the primary legislation it amends, allowing ASIC to make targeted adjustments to regulatory requirements without requiring full parliamentary amendment. The instrument is registered under the Federal Register of Legislation with the reference number F2026L00920.
The specific amendments and repeals contained within the instrument are detailed in the legislative text and accompanying explanatory statement, which provide comprehensive guidance on the changes implemented. Market participants, financial service providers, and other entities subject to the Corporations Act 2001 and the Corporations (Fees) Act 2001 should review the full instrument to understand how the amendments affect their compliance obligations. The instrument came into effect immediately upon publication, and entities should ensure they are operating in accordance with the amended provisions. The full legislative text and explanatory statement are available through the Federal Register of Legislation.
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1699 charsAustralian Securities and Investments Commission Amends Corporations Legislation Through Instrument 2026/564
On July 6, 2026, the Australian Securities and Investments Commission (ASIC) issued the ASIC Corporations (Amendment and Repeal) Instrument 2026/564, a legislative instrument that came into force on the same date.
The instrument amends and repeals provisions under the Corporations Act 2001 and the Corporations (Fees) Act 2001 , which are administered by the Department of the Treasury.
The instrument is mainly a clean-up and consolidation measure. ASIC has introduced a new platforms instrument, ASIC Corporations (Platforms IDPSs and IDPS-like Schemes) Instrument 2026/395, which replaces two older instruments dealing with Investor Directed Portfolio Services (IDPSs) and IDPS-like schemes. This new instrument updates other ASIC rules so they now refer to the new platforms instrument instead of the old ones.
It also repeals two superseded instruments:
ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668
ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669
This amends a range of ASIC instruments dealing with:
Managed discretionary account services
Nominee and custody services
Financial requirements for CSF intermediaries
ASIC fee complexity criteria
Share and interest purchase plans
Hardship withdrawals relief
Shorter PDS and disclosure rules for platform operators and superannuation trustees
Financial requirements for retail OTC derivatives issuers
Financial requirements for responsible entities, IDPS operators and corporate directors of retail Corporate Collective Investment Vehicle (CCIVs)
Custodial or depository service providers
IDPS relevant interests