ASIC
ASIC is seeking feedback on its proposal to remake three legislative instruments relating to financial advice into a single instrument and extend it for a further five years. The legislative instruments are scheduled to sunset on 1 October 2025.
The legislative instruments are:
- ASIC Corporations (Advertising by Product Issuers) Instrument 2015/539
- ASIC Corporations (General Advice Warning) Instrument 2015/540, and
- ASIC Corporations (Financial Services Guides) Instrument 2015/541.
We have assessed that these legislative instruments are operating effectively and continue to form a necessary and useful part of the legislative framework. Aside from minor changes, the content of these instruments will remain largely unchanged.
Under the Legislation Act 2003, all legislative instruments are automatically repealed, or ‘sunset’, after 10 years, unless ASIC takes action to preserve them.
Providing feedback
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