The Australian Securities & Investments Commission has remade two legislative instruments that provide technical relief for Australian financial services (AFS) licensees and update prescribed reverse-mortgage disclosure for Australian credit licensees. Both instruments will expire on 1 April 2031. ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115 makes technical changes to Corporations Act 2001 provisions by extending the class of persons exempt from holding an AFS licence to include those ASIC exempts under subsection 926A(2), and by adjusting rules on lodging or publishing supplementary or replacement documents under Chapter 6, Chapter 6D and Part 7.9. It replaces ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115. ASIC Credit (Updated details for prescribed disclosure) Instrument 2026/122 amends the reverse mortgage information statement in Schedule 5A of the Consumer Credit Protection Regulations 2010 by removing a paragraph referring to the National Information Centre on Retirement Investments, replacing paragraph 5(a) of ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200. Consultation in December 2025 on remaking the instruments received no submissions. Consequential amendments will be made through ASIC Corporations (Amendment) Instrument 2026/116, and minor amendments to Regulatory Guide 121 (RG 121) are scheduled for April 2026.
Australian Securities & Investments Commission 2026-03-31
Australian Securities & Investments Commission remakes technical relief for AFS licensees and updates reverse mortgage disclosure until 2031
The Australian Securities & Investments Commission has remade two legislative instruments providing technical relief for Australian financial services licensees and updating reverse-mortgage disclosure for Australian credit licensees, both effective until 1 April 2031. ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115 extends exemptions from holding an Australian financial services licence and adjusts rules on lodging or publishing supplementary or replacement documents, while ASIC Credit (Updated details for prescribed disclosure) Instrument 2026/122 updates the reverse mortgage information statement by removing a reference to the National Information Centre on Retirement Investments.