The Australian Securities & Investments Commission has launched a consultation on withdrawing its relief from the requirement to send annual reports to uncontactable members, before the relief expires on 1 October 2026. ASIC said it has assessed that the relief is no longer being used because amendments to the Corporations Act 2001 now provide similar relief where a member is uncontactable. The existing instrument covers companies, registered schemes, disclosing entities and notified foreign passport funds. ASIC pointed to sections 110JA and 110F(4A) of the Corporations Act as providing comparable relief, while noting that entities not covered by those provisions may need to apply for individual relief in line with Regulatory Guide 43 if the withdrawal proceeds. Feedback is due by 17 July 2026.
Australian Securities & Investments Commission2026-06-05
Australian Securities & Investments Commission consults on withdrawing uncontactable member annual reporting relief ahead of 1 October 2026 expiry
The Australian Securities & Investments Commission has proposed withdrawing its relief from the requirement to send annual reports to uncontactable members, citing Corporations Act 2001 amendments that now provide comparable relief. The instrument applies to companies, registered schemes, disclosing entities and notified foreign passport funds, and ASIC notes entities not covered by the new provisions may need to seek individual relief under Regulatory Guide 43 if the withdrawal proceeds.