ASIC is seeking feedback on its proposal to remake a legislative instrument that provides relief from application form requirements for certain financial products. 

ASIC Corporations (Application Form Requirements) Instrument 2017/241 (ASIC Instrument 2017/241) is due to expire on 1 April 2027. 

We propose to remake this instrument for another five years because it continues to operate effectively and is still required.

The remade instrument will reflect ASIC’s current drafting style, with the existing relief and conditions remaining largely unchanged. 

Providing feedback

Please send submissions to rri.consultation@asic.gov.au by 5pm AEDT on 10 December 2026.

See CS 72 Proposed remake of legislative instrument about application form requirements.

Background

ASIC Instrument 2017/241 provides application form relief for switching arrangements, reconstructions and capital reductions, bonus issues of options, and applications where a product disclosure statement is not required. It also modifies certain disclosure, advertising, and publicity requirements, and allows AFS licensees to create application forms.
 

ASIC is Australia’s corporate, markets and financial services regulator.