Regulatory developments timetable
This timetable outlines proposed timeframes for ASIC regulatory work, such as the publication of draft or final guidance, or anticipated making of a legislative instrument. The timetable generally excludes review, surveillance and enforcement activities. The timetable is published every six months.
This is a point-in-time summary and reflects ASIC's best estimate as at the date of publication. These are subject to change and care should be taken in relying on these dates for planning purposes.
See also ASIC’s core principles for developing and implementing regulatory guidance.
As of 4 March 2024
Initiative | Indicative Timing | Description | Related info/document | Expected action | Status Comments | Sector | Label |
Jointly publish with APRA the final Regulator rules and Transitional rules for the FAR for ADIs | 1/1/2024 | Legislative instruments | General | ||||
Jointly publish an all-industry information paper with APRA to provide guidance on the FAR | 1/1/2024 | Information paper | General | ||||
Jointly consult with APRA on the Regulator rules for the FAR for the insurance and superannuation industries | 1/1/2024 | Consultation letter (and draft instruments) | General | ||||
Extend the reference checking and information sharing protocol for financial advisers to licensed mortgage broking intermediaries and update Information Sheet 257 ASIC reference checking and information sharing protocol (INFO 257) | 1/4/2024 | Amended legislative instrument and updated information sheet | General | ||||
Update Regulatory Guide 236 Do I need an AFS licence to participate in carbon markets? (RG 236) to reflect the development of safeguard mechanism units | 1/7/2024 | Updated regulatory guide | General | ||||
Remake ASIC Corporations and Credit (Breach Reporting—Reportable Situations) Instrument 2021/716, which sunsets on 5 October 2024 | 1/7/2024 | Remade legislative instrument | General | ||||
Remake ASIC Credit (Breach Reporting—Prescribed Commonwealth Legislation) Instrument 2021/801, which sunsets on 1 October 2024 | 1/7/2024 | Remade legislative instrument | General | ||||
Jointly publish with APRA the final Regulator rules for the FAR for the superannuation and insurance industries | 1/7/2024 | Legislative instruments | General | ||||
Following Consultation Paper 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests (CP 365) and Report 773 Response to submissions on CP 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests (REP 773), update:
|
1/4/2024 | Updated regulatory guides | Corporate finance | ||||
Publish a new information sheet that provides an overview of the experienced provider pathway | 1/1/2024 | New information sheet | Financial advisers | ||||
Remake Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice, which sunsets on 1 October 2024 | 1/7/2024 | Remade legislative instrument | Financial advisers | ||||
Remake ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/0195, which sunsets on 1 April 2024 | 1/1/2024 |
Remade legislative instrument |
Financial reporting and audit | ||||
Update Regulatory Guide 26 Resignation, removal and replacement of auditors (RG 26) to include registrable superannuation entities and retail corporate collective investment vehicles in the classes of entities subject to financial reporting obligations, and to reflect some specific reporting obligations on those that have been inserted into corporations and superannuation legislation |
1/6/2024 | Updated regulatory guide | Financial reporting and audit | ||||
Remake ASIC Corporations (Auditor Independence) Instrument 2021/75, which sunsets on 30 April 2024 |
1/4/2024 |
Remade legislative instrument |
Financial reporting and audit | ||||
Update Regulatory Guide 148 Platforms that are managed investment schemes and nominee and custody services (RG 148), following remaking of legislative instruments related to platforms | 1/1/2024 | Updated regulatory guide | Investment managers | ||||
Remake class orders relating to relief for managed investment schemes that are listed or quoted, primary production schemes and custody standards, which sunset on 1 April 2024. This will include updating:
|
1/1/2024 |
Remade legislative instruments |
Investment managers | ||||
Consult on the outstanding matters relating to ASIC Derivative Transaction Rules (Reporting) 2022 that were not updated in December 2022, including our concerns with the operation of alternative reporting, the treatment of exchange-traded derivatives, and the use of the ‘nexus derivative’ definition |
1/1/2024 | Consultation paper | Market intermediaries and infrastructure | ||||
Extend ASIC Market Integrity Rules (Futures Markets) Class Waiver 2018/313, which is due to expire on 22 March 2024 |
1/1/2024 | Extended class waiver | Market intermediaries and infrastructure | ||||
Publish a Dear CEO letter regarding ASIC’s expectations on pre-hedging by market intermediaries | 1/1/2024 | Dear CEO letter | Market intermediaries and infrastructure | ||||
Publish a class no-action letter regarding the application of the Unfair Contract Terms regime to institutional markets | 1/1/2024 | No-action letter | Market intermediaries and infrastructure | ||||
Consult on ASIC Market Integrity Rules (Futures Markets) 2017 with proposals to include rules on automated order processing and amend Rule 2.2.1 relating to aggregate loss limits | 1/4/2024 | Consultation paper | Market intermediaries and infrastructure | ||||
Consult on proposed amendments to the false or misleading appearances rules in the ASIC Market Integrity Rules (Securities Markets) 2017 and ASIC Market Integrity Rules (Futures Markets) 2017 |
1/4/2024 | Consultation paper | Market intermediaries and infrastructure | ||||
Consult on draft updated Regulatory Guide 251 Derivative transaction reporting (RG 251) to reflect the outcome of the amendments to the reporting rules | 1/7/2024 | Consultation paper | Market intermediaries and infrastructure | ||||
Update guidance to reflect the outcome of the two consultation papers relating to proposed amendments to market integrity rules. This will involve updating: |
1/7/2024 | Updated regulatory guides | Market intermediaries and infrastructure | ||||
Review, confirm and remake aspects of ASIC Market Integrity Rules (Securities Markets) NSXA and SSX Markets (Operators and Participants) Class Waiver 2022/881, due to expire on 16 November 2024 | 1/7/2024 | Remade class waiver | Market intermediaries and infrastructure | ||||
Consult on proposed changes to Regulatory Guide 258 Registered liquidators: Registration, disciplinary actions and insurance requirements (RG 258), particularly regarding initial registration and ongoing obligations | 1/1/2024 | Consultation paper | Registered liquidators | ||||
Consult on proposed changes to Regulatory Guide 16 External administrators: Reporting and lodging (RG 16) | 1/1/2024 | Consultation paper | Registered liquidators | ||||
Publish a new information sheet that will provide user guidance for completing Form 5602 Annual administration return | 1/1/2024 | New information sheet | Registered liquidators | ||||
Update Regulatory Guide 217 Duty to prevent insolvent trading: Guide for directors (RG 217) after considering feedback received on Consultation Paper 372 Guidance on insolvent trading safe harbour provisions: Update to RG 217 (CP 372) | 1/4/2024 | Updated regulatory guide | Registered liquidators | ||||
Consult on proposed changes to Regulatory Guide 242 ASIC’s power to wind up abandoned companies (RG 242) to include winding up on public interest grounds | 1/7/2024 | Consultation paper | Registered liquidators | ||||
Update Regulatory Guide 242 ASIC’s power to wind up abandoned companies (RG 242) to include the proposed winding up on public interest grounds | 1/7/2024 | Updated regulatory guide | Registered liquidators | ||||
Update RG 258 after considering feedback received through consultation | 1/7/2024 | Updated regulatory guide | Registered liquidators | ||||
Consult on a new regulatory guide about requesting eligible applicant authorisation | 1/7/2024 | Consultation paper | Registered liquidators | ||||
Publish a new regulatory guide about requesting eligible applicant authorisation | 1/7/2024 | Regulatory Guide | Registered liquidators | ||||
Consult on a new regulatory guide about ASIC’s power to appoint reviewing liquidators | 1/7/2024 | Consultation paper | Registered liquidators | ||||
Publish a new regulatory guide about ASIC’s power to appoint reviewing liquidators | 1/7/2024 | Regulatory guide | Registered liquidators | ||||
Update RG 16 after considering feedback received through consultation | 1/7/2024 | Updated regulatory guide | Registered liquidators | ||||
Amend ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 to reflect the change to the nominal wage growth rate in Treasury’s 2023 Intergenerational Report | 1/4/2024 | Amended legislative instrument | Superannuation | ||||
Update Regulatory Guide 276 Superannuation forecasts: Calculators and retirement estimates (RG 276) to reflect any changes made to ASIC Instrument 2022/603 relating to nominal wage growth | 1/4/2024 |
Updated regulatory guide |
Superannuation |
Note: Subject to the passage of legislation, ASIC will provide guidance on mandatory climate-change related disclosure for large businesses and financial institutions.