ASIC proposes to extend relief for employee redundancy funds

ASIC is seeking feedback on our proposal to extend the relief currently provided to employee redundancy funds from the AFS licensing and managed investment provisions of the Corporations Act. The relief is due to expire on 1 October 2024.

The proposal involves remaking ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150 and extending the relief for a period of five years.

ASIC has assessed that the legislative instrument is operating effectively and efficiently, and continues to form a necessary and useful part of the legislative framework.