The Australian Securities & Investments Commission has opened a feedback process on proposals to remake two legislative instruments that provide technical relief for Australian financial services (AFS) licensees and make minor updates to prescribed credit disclosures, ahead of their scheduled sunset on 1 April 2026. ASIC said it has assessed both instruments as operating effectively and remaining necessary within the legislative framework. ASIC proposes to remake the relief in ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115 with no substantial change, apart from updates to keep it current. The instrument makes machinery changes to the Corporations Act 2001 by extending certain exemptions from the requirement to hold an AFS licence to persons exempted by ASIC under subsection 926A(2), and by ensuring references to original documents in ASIC instruments also capture supplementary or replacement documents lodged or published under Chapter 6, Chapter 6D and Part 7.9. For ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200, ASIC proposes to remake only paragraph 5(a), which modifies the reverse mortgage information statement in Schedule 5A of the National Consumer Credit Protection Regulations 2010 to remove out-of-date information, while allowing paragraphs 5(b) and (c) to lapse because the related Schedules 7 and 9 have been repealed. Submissions are due by 5pm Australian Eastern Daylight Time on Friday 23 January 2026, with the proposals set out in CS 41.

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