Consolidated reporting and audit instruments

ASIC considers there is a simplification benefit in consolidating legislative instruments that apply to related subject matters or industry sectors.

In Report 813 Regulatory Simplification (REP 813), we consulted on a pilot legislative instrument that consolidated reporting, accounting and audit instruments into a single instrument. In response to positive feedback received, we committed to make a consolidated reporting instrument and consolidated audit instrument in Report 830 Regulatory simplification progress report (REP 830).

In CS 54 Proposed consolidation of financial reporting and auditing instrument (CS 54), we consulted on drafts of the consolidated reporting instrument and consolidated audit instrument. The final instruments were made as the ASIC Corporations (Annual and Half-year Reporting) Instrument 2026/468 and ASIC Corporations (Auditing) Instrument 2026/469.

Instruments consolidated into ASIC Corporations (Annual and Half-year Reporting) Instrument 2026/468

This Table lists superseded legislative instruments whose relief was consolidated into ASIC Corporations (Annual and Half-year Reporting) Instrument 2026/468.

Former instrument	Relief topic	Who the relief generally applies to	Relevant part in consolidated instrument
ASIC Corporations (Post Balance Date Reporting) Instrument 2025/437	Post balance date disclosure relief	Entities that need to present a pro forma balance sheet in notes to financial statements to explain the financial effect of material acquisitions or disposals after the end of a reporting period.	Section 9, Part 2 of ASIC Instrument 2026/468
ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2026/183	Rounding relief	Eligible entities that wish to round amounts presented in financial reports and directors’ reports to at least the nearest thousand dollars or omit items from their financial reports if the amount involved is nil.	Section 10, Part 2 of ASIC Instrument 2026/468
ASIC Corporations (Directors’ Report Relief) Instrument 2016/188	Directors’ report relief	Entities that wish to transfer some information from a directors’ report to the financial report or to a separate document accompanying the directors’ report and financial report.	Section 12, Part 2 of ASIC Instrument 2026/468
ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/195	Parent entity financial statements	A parent entity that is required to include consolidated financial statements in its financial report and also wishes to include its single entity financial statements in that report.	Part 3 of ASIC Instrument 2026/468
ASIC Corporations (Related Scheme Reports) Instrument 2025/438	Related scheme reports	Registered schemes that wish to include in their financial report or concise report the financial reports of related schemes, in their directors’ report the directors’ reports of related schemes, and in their sustainability report the sustainability reports of related schemes.	Part 4 of ASIC Instrument 2026/468
ASIC Corporations (Non-Reporting Entities) Instrument 2025/436	Non-reporting entity accounting relief	Non-reporting entities that wish to prepare their financial statements using the concessions and transitional provisions for recognition and measurement in accounting standards that apply to reporting entities.	Part 5 of ASIC Instrument 2026/468
ASIC Corporations (Disclosing Entities) Instrument 2016/190	Partial year disclosing entity reporting relief	Certain disclosing entities that commence, or cease, being a disclosing entity part way through a financial year and for disclosing entities in in preparing half-year reports where the initial financial year lasts a relatively short period.	Part 6 of ASIC Instrument 2026/468
ASIC Corporations (Reporting by Stapled Entities) Instrument 2023/673 ASIC Corporations (Stapled Group Reports) Instrument 2025/439	Stapled entity reporting relief	Stapled issuers that wish to present combined financial statements or consolidated financial statements that include the other stapled issuers in the stapled group Stapled issuers that wish to prepare a sustainability report in relation to each stapled issuer in the stapled group as if they were a single entity. Stapled issuers that wish to include in a single financial report or concise report, the financial reports of the other stapled issuers in the stapled group and that wish to include in their directors’ report, the directors’ reports of the other stapled issuers.	Part 7 of ASIC Instrument 2026/468
ASIC Corporations (Foreign-Controlled Company Reports) Instrument 2017/204	Foreign-controlled company reports	Certain small foreign-controlled proprietary companies and registered foreign companies that seek relief from preparing and lodging financial reporting documents, where the relevant requirements are satisfied.	Sections 38 and 39, Part 9 of ASIC Instrument 2026/468
ASIC Corporations (Synchronisation of Financial Years) Instrument 2016/189	Synchronisation of financial years	Entities that are seeking to change their financial year under the Corporations Act to synchronise their financial year with that of a foreign parent.	Section 40, Part 9 of ASIC Instrument 2026/468
ASIC Corporations (Electronic Lodgment of Financial and Sustainability Reports) Instrument 2026/59	Electronic lodgement relief	Listed companies and listed registered schemes on eligible financial markets that lodge annual and half-yearly documents electronically with the relevant market operator and do not wish to lodge the reports separately with ASIC.	Part 10 of ASIC Instrument 2026/468
ASIC Corporations (Disregarding Technical Relief) Instrument 2026/180	Disregarding technical relief	Entities that need to disregard certain technical relief granted by ASIC which would otherwise prevent them from relying on certain disclosure concessions under Chapter 6D and Part 7.9 of the Corporations Act.	Section 48, Part 11 of ASIC Instrument 2026/468
ASIC Corporations (Financial Reporting: Natural Person Licensees) Instrument 2017/307	Natural person AFS licensee reporting relief	AFS licensees that are natural persons and need tailored financial reporting relief.	Section 49, Part 11 of ASIC Instrument 2026/468

Instruments consolidated into ASIC Corporations (Auditing) Instrument 2026/469

This Table lists superseded legislative instruments whose relief was consolidated into ASIC Corporations (Auditing) Instrument 2026/469.

Former instrument	Relief topic	Who the relief generally applies to	Relevant part in consolidated instrument
ASIC Corporations (Auditor Independence) Instrument 2021/75	Auditor independence declaration relief	Lead auditors seeking an exemption to disclose in an auditor’s independence declaration for a financial report, certain non-material financial interests in an entity reviewed or audited by an audit company or audit firm.	Section 9, Part 2 of ASIC Instrument 2026/469
ASIC Corporations (CCIV Auditors) Instrument 2024/668	Retail CCIV auditor notification relief	Corporate directors of retail CCIVs that must lodge an approved form (Form 5230) with ASIC within 14 days of appointing an auditor of a retail CCIV.	Section 10, Part 2 of ASIC Instrument 2026/469
ASIC Corporations (Audit Relief) Instrument 2016/784	Audit relief for proprietary companies	Certain proprietary companies that need audit-related relief in relation to their annual financial reporting, noting that the draft Auditing Instrument did not incorporate paragraph 6(i) of ASIC Corporations (Audit Relief) Instrument 2016/784.	Part 3 of ASIC Instrument 2026/469

Instruments with financial reporting and audit relief not consolidated into ASIC Instrument 2026/468 and ASIC Instrument 2026/469

This Table lists legislative instruments whose relief was not consolidated into ASIC Corporations (Annual and Half-year Reporting) Instrument 2026/468 and ASIC Corporations (Auditing) Instrument 2026/469.

Instrument	Who the instrument generally applies to
ASIC Corporations (Foreign Licensees and ADIs) Instrument 2026/121	Foreign AFS licensees and foreign ADIs relying on exemptions from specified Australian regulatory obligations.
ASIC Corporations (Externally-Administered Bodies) Instrument 2025/584	Externally administered bodies and related persons relying on relief tailored to external administration circumstances.
ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647	Responsible entities, IDPS operators and corporate directors of retail CCIVs that are subject to financial resource requirements.
ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022/705	Issuers of retail over-the-counter derivatives that are subject to financial resource requirements.
ASIC Corporations (Financial Requirements for CSF Intermediaries) Instrument 2017/339	Crowd-sourced funding intermediaries that must comply with financial resource requirements.
ASIC Corporations (Wholly-owned Companies) Instrument 2016/785	Wholly-owned entities in eligible closed groups seeking relief from financial reporting, audit, member reporting and lodgement obligations, subject to the deed of cross guarantee and other conditions.
ASIC Corporations (Approval of Auditing Competency Standard) Instrument 2016/474	Persons seeking registration as auditors who need to satisfy the approved auditing competency standard.
ASIC Corporations (Qualified Accountant) Instrument 2026/734	Persons who may be recognised as qualified accountants for relevant Corporations Act 2001 purposes, including certification of sophisticated investor matters.