RG 129 Business introduction or matching services

Issued 4 February 1998

This guide sets out our policy on regulating business introduction services or matching services which involve the offer of, or invitation to subscribe for or buy, securities. These services advertise entities which are seeking to raise funds.

This guide reflects the development of a class order following the provision of individual relief to a number of introduction service operators and their users. The guide explains the effect of the class order relief from Div 2, 3A, 4, 5 and 6 of Part 7.12 of the Corporations Act 2001 (Corporations Act) on those persons involved with introduction services.

Extension of relief

ASIC has extended the relief for persons who are involved in a business introduction or matching service. Relief from the fundraising, financial product disclosure, anti-hawking and advertising requirements in the Corporations Act is extended until 1 October 2022: see ASIC Corporations (Amendment) Instrument 2022/0077.

The extension is subject to a new requirement that:

  • persons who are already relying on the relief at 31 March 2022 notify ASIC that they are relying on the relief by 2 May 2022, and
  • persons who start relying on the relief from 1 April 2022 notify ASIC that they are relying on the relief.

Notices must include the following information:

  • the name of the person
  • each exemption in the relief that the person relies on, and
  • the date the person started to rely on the exemption.

Notices must be sent via email to applications@asic.gov.au

Relief from 1 October 2022

On 1 October 2022, ASIC intends to confer relief that replaces ASIC Class Order [CO 02/273] Business introduction or matching services so that:

  • the relief for interests in a managed investment scheme will be extended until 1 April 2025
  • the relief for the offer, issue or recommendation of Chapter 6D securities (including Chapter 2L debentures) will sunset, and
  • we will clarify that the design and distribution obligations in Part 7.8A of the Corporations Act will apply to persons who rely on the relief where they would need to presently comply with the obligations under Part 7.8A of the Corporations Act.

You can contact ASIC on 1300 300 630 (or +61 3 5177 3988 if dialling from overseas) for general information and assistance.

Download RG 129 (PDF 87 KB)

Last updated: 04/02/1998 12:00