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CS 41 Proposed remake of miscellaneous technical relief and updated credit disclosure instruments

simple consultation – 41

Released 4 December 2025. Comments close 23 January 2026.

We are seeking feedback on a proposal to remake two legislative instruments, which provide technical relief relating to Australian financial services (AFS) licensees (and persons providing financial services on their behalf) and modifications to make minor updates to credit disclosures required of credit licensees in relation to certain types of consumer credit contracts.

ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115, and ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200 (the Instruments) are due to sunset on 1 April 2026.

We have assessed that the instruments are operating effectively and continue to form a necessary part of the legislative framework.

We propose to:

  • remake the relief provided under ASIC Instrument 2015/1115 without substantial change, other than amendments to ensure the instrument is up to date, and
  • remake the relief in paragraph 5(a) of ASIC Instrument 2016/200, but not paragraphs 5(b) and (c), as Schedules 7 and 9 of the National Consumer Credit Protection Regulations 2010 (Credit Regulations), to which those paragraphs relate, have been repealed.

Draft instruments are provided below.

A consultation paper was not issued for this consultation.

Providing feedback

We invite feedback on our proposal. You should send your submission to rri.consultation@asic.gov.au by 5 pm AEDT on Friday 23 January 2026.

You may choose to remain anonymous or use an alias when providing feedback. However, if you do remain anonymous we will not be able to contact you to discuss your feedback should we need to.

We will not treat your feedback as confidential unless you specifically request that we treat the whole or part of it (such as any personal or financial information) as confidential.

Please see our privacy policy for more information on how we handle personal information, your rights to seek access to and correct personal information, and your right to complain about breaches of privacy by ASIC.

Background

Under the Legislation Act 2003, legislative instruments are repealed, or sunset, after 10 years, unless ASIC acts to preserve them.

Miscellaneous technical relief

ASIC Instrument 2015/1115 makes technical or machinery changes to various provisions of the Corporations Act 2001 (Corporations Act) relating to:

  • those who are exempt from the requirement to hold an AFS licence, to extend the operation of those provisions to persons exempted by ASIC under subsection 926A(2) of the Corporations Act;
  • the lodgement or publishing of supplementary or replacement documents under Chapter 6, Chapter 6D and Part 7.9 of the Corporations Act, to extend the operation of those provisions so that references to the original document in an ASIC Instrument also include any supplementary or replacement documents lodged or published after the original.

Prescribed credit disclosure relief

ASIC Instrument 2016/200 modifies:

  • the reverse mortgage information statement prescribed in Sch 5A of the Credit Regulations to remove a paragraph containing out of date information, and
  • warnings about small amount credit contracts prescribed in the now repealed Schs 7 and 9 of the Credit Regulations to update out of date contact details for Centrelink.

Related links

 

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