ASIC is seeking feedback on a proposal to extend relief for time-sharing schemes and on-market buy-backs by ASX-listed registered schemes for five years.
ASIC Corporations (Time-sharing Schemes) Instrument 2017/272 (ASIC Instrument 2017/272) and ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159 (ASIC Instrument 2016/1159) will expire on 1 April 2027.
We are proposing to remake them in substantially the same form, with any necessary technical updates.
Providing feedback
ASIC invites feedback on this proposal. Submissions should be sent to IM.sunsettingconsultation@asic.gov.au by 5 pm AEDT 11 December 2026.
Background
ASIC Instrument 2017/272 provides technical relief relating to time-sharing schemes. The relief covers matters including finance, hardship, consumer protection, disclosure of fees and property valuations.
ASIC Instrument 2016/1159 allows ASX-listed registered schemes to buy back their own interests on-market, subject to safeguards for members and creditors. These include trading and disclosure requirements, cancellation of bought-back interests and member approval when specified limits are exceeded.
Separate ASIC work is being undertaken to extend buy-back relief to schemes listed on other declared financial markets.
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ASIC is Australia’s corporate, markets and financial services regulator.