Following royal assent of the Treasury Laws Amendments (Delivering Better Financial Outcomes and Other Measures) Act 2024 ASIC has registered a package of regulatory changes. Background.

ASIC Corporations (Amendment) Instrument 2024/554 makes consequential amendments to ASIC instruments to reflect the changes to FSG requirements. The Amendment Instrument amends the ASIC Corporations (Disclosure of Lack of Independence) Instrument 2021/125 (LI 2021/125) to clarify requirements for statements disclosing lack of independence in website disclosure information.

ASIC has also amended condition 52 of Pro Forma 209 Australian financial services licence conditions (PF 209) to ensure technology neutrality in FSG record keeping requirements. 

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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.