ASIC has remade two legislative instruments, which give technical relief to Australian financial services (AFS) licensees and modify required reverse-mortgage disclosures by Australian credit licensees.
The legislative instruments are:
- ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115, and
- ASIC Credit (Updated details for prescribed disclosure) Instrument 2026/122.
These instruments will expire on 1 April 2031.
ASIC consulted on remaking the technical relief and updated credit disclosure instruments in December 2025 and received no submissions.
In addition to remaking the relief, we will:
- make ASIC Corporations (Amendment) Instrument 2026/116, which incorporates consequential amendments to other ASIC instruments, and
- incorporate minor amendments to RG 121 in April 2026.
Background
ASIC Instrument 2026/115 makes technical changes to provisions of the Corporations Act 2001 relating to:
- those who are exempt from the requirement to hold an AFS licence to include those ASIC exempts under subsection 926A(2) of the Act, and
- the lodgement or publishing of supplementary or replacement documents under Chapter 6, Chapter 6D and Part 7.9 of the Act.
The remade instrument replaces ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115.
ASIC Instrument 2026/122 modifies the reverse mortgage information statement prescribed in Schedule 5A of the Consumer Credit Protection Regulations 2010 to remove a paragraph referring to the National Information Centre on Retirement Investments.
The remade instrument replaces paragraph 5(a) of ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200.