The Australian Securities and Investments Commission (ASIC) has published a consultation on proposed updates to Regulatory Guide 43 on financial reports and audit relief, refreshing its guidance on how it grants relief from financial record-keeping, financial reporting and audit requirements under the Corporations Act 2001. The proposed revisions aim to reflect legislative reforms since the guidance was last updated, incorporate relevant existing ASIC guidance including material from Regulatory Guide 29 on dual listed company reporting, and simplify the current document. ASIC plans to withdraw Regulatory Guide 29 once the updated Regulatory Guide 43 is published, and it is not revisiting the underlying policy settings for financial reporting and audit relief. The guidance covers relief applications by companies, disclosing entities, registered managed investment schemes, corporate collective investment vehicles and registrable superannuation entities, and explains ASIC’s powers under Parts 2M.2, 2M.3 and 2M.4 (other than Division 4), including how to seek individual relief where class relief is not available. Feedback is due by 5 pm AEDT on 9 February 2026.
Australian Securities & Investments Commission 2026-01-12
ASIC launches consultation to update Regulatory Guide 43 on financial reporting and audit relief and withdraw Regulatory Guide 29
The Australian Securities and Investments Commission (ASIC) is consulting on updates to Regulatory Guide 43, focusing on financial reports and audit relief under the Corporations Act 2001. The revisions aim to incorporate legislative reforms and existing guidance, with feedback due by 9 February 2026.