CP 267 Remaking ASIC class orders and guidance on audit and financial reporting

Released 15 August 2016. Comments closed 12 September 2016.

This consultation paper sets out ASIC’s proposals to remake our class orders relating to audit and financial reporting relief. Under the Legislative Instruments Act 2003, these class orders will expire (‘sunset’) if not remade.

We are seeking feedback from preparers of financial statements on our proposals to remake, without significant changes, [CO 98/1417] and [CO 98/1418], which are due to expire on 1 October 2016, and [CO 01/1256], which is due to expire on 1 April 2017.

We are also seeking feedback on our proposals to: 

  • update Regulatory Guide 115 Audit relief for proprietary companies (RG 115);
  • update pro formas—PFs 24, 25, 26, 27 and 183; and
  • repeal [CO 98/106], which is due to expire on 1 October 2017, and [CO 99/1225], which is due to expire on 1 October 2016.

Download CP 267 (PDF 436 KB)

Read the report on submissions

Read final release with links to instruments, pro formas and RG 115

Last updated: 30/03/2021 09:32