ASIC Reissues Regulatory Guide 43 on Financial Reporting and Audit Relief
Summary
ASIC has reissued Regulatory Guide 43 (RG 43), replacing the 2011 version, to consolidate guidance on financial reporting and audit relief and reflect legislative reforms under the Corporations Act 2001. The reissued guide incorporates guidance previously found in Regulatory Guide 29, which has been withdrawn as part of this consolidation. Entities seeking relief from financial record keeping, financial reporting, and audit requirements under Parts 2M.2, 2M.3, and 2M.4 of the Corporations Act should review the updated guidance to determine eligibility for class relief or the process for applying for individual relief.
Entities that previously relied on the 2011 RG 43 or the withdrawn RG 29 should review the consolidated RG 43 to confirm their existing relief pathways remain valid and to understand any updated procedural requirements for applying for individual relief. Directors and auditors should verify whether their entity can rely on class relief under the updated guidance or whether a fresh application for individual relief is now required.
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What changed
ASIC has reissued Regulatory Guide 43 (RG 43) on financial reporting and audit relief, amending the 2011 version to reflect legislative reforms and incorporate previously separate guidance from Regulatory Guide 29 (RG 29), which has been withdrawn. The updated guide explains how ASIC exercises its powers to grant relief from financial record keeping, financial reporting, and audit requirements of Parts 2M.2, 2M.3, and 2M.4 (other than Division 4) of the Corporations Act 2001. Affected entities including companies, disclosing entities, registered managed investment schemes, corporate collective investment vehicles, registrable superannuation entities, and their directors and auditors should review RG 43 to understand current class relief options and the process for applying for individual relief where existing class relief does not apply.
Archived snapshot
Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Print Share ASIC has reissued a regulatory guide to streamline guidance on financial reporting and audit relief and reflect changes to legislation.
Regulatory Guide 43 Financial reporting and audit relief (RG 43) provides guidance to entities seeking relief from the financial reporting and audit requirements of the Corporations Act 2001 (Corporations Act).
The changes:
- reflect legislative reforms since the guidance was last updated
- incorporate other relevant ASIC guidance, including Regulatory Guide 29 Financial reporting by Australian entities in dual listed company arrangements (RG 29), and
- simplify the existing guidance. As part of these changes, RG 29 has been withdrawn.
Download
CS 42 Proposed updates to guidance on financial reporting and audit relief in RG 43
Background
ASIC’s reissue of RG 43 follows public consultation with industry and replaces the guidance issued in 2011.
RG 43 provides guidance for entities including companies, disclosing entities, registered managed investment schemes, corporate collective investment vehicles and registrable superannuation entities, their directors and auditors. It explains:
- how ASIC exercises its powers to grant relief from the financial record keeping, financial reporting and audit requirements of Pts 2M.2, 2M.3 and 2M.4 (other than Div 4) of the Corporations Act, and
- how to apply for individual relief if an entity is unable to rely on existing class relief.
ASIC is Australia’s corporate, markets and financial services regulator.
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