ASIC has released a report outlining its decisions on applications for relief from the corporate finance, financial services and managed investment provisions of the Corporations Act 2001  between 1 December 2007 and 31 March 2008.

The report does not outline every decision but gives examples of the relief ASIC is approving (or rejecting) including:

• whether to grant relief under s911A(2) and 926A(2) from the requirement to hold an Australian financial services (AFS) licence (eg employee incentive scheme, stored value card);

• the Ch 6D requirements to provide prospectuses and other disclosure documents and the Ch 7 requirements to provide Product Disclosure Statements (PDSs) and Financial Services Guides (FSGs).

• conduct relief (eg financial reporting, hawking).