ASIC Simple Consultation CS 62
Submission Date: 15 September 2026
This submission is made by the Financial Services Committee (Committee) of the Business Law Section of the Law Council of Australia, in response to Consultation Statement 62 Proposed extension of financial services, credit and markets legislative instruments (CS 62). CS 62 was issued by the Australian Securities and Investments Commission (ASIC) on 11 August 2026.
CS 62 proposes the extension of the operation of the eight legislative instruments below (together, ASIC Instruments), each of which currently is scheduled to self-repeal during 2027:
- ASIC Market Integrity Rules (Futures Markets) Class Waiver 2018/313;
- ASIC Corporations (Notification of Authorised Representatives) Instrument 2022/301;
- ASIC Corporations (Cash Settlement Fact Sheet and Confirming Transactions) Instrument 2022/809;
- ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022/705;
- ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/496;
- ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument
- 2022/497;
- ASIC Corporations (Financial Services Guides) Instrument 2022/910; and
- ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
The Committee supports ASIC’s proposal to extend the ASIC Instruments and, in particular, the continuation of the existing relief under the ASIC Instruments so that each respective instrument may continue in force until its sunset date (which is the tenth anniversary of the making of the instrument).
The Committee also recommends that ASIC seek Treasury’s support for Parliament to make amendments to the respective legislative instruments to include the relief provided under the ASIC Instruments in the substantive law.
Last Updated on 07/10/2026
Share
Tags
Most recent items in Business Law Section
Business Law Section
Reforms to the bankruptcy system
Business Law Section
The Australian Taxation Office's management of small business collectable debt
Trending Items in Business Law Section
Business Law Section
Forsyth/Pose Scholarship
Business Law Section
Santow Scholarship
Business Law Section