ASIC Remakes Financial Reporting Relief Instruments
Summary
ASIC has remade three legislative instruments providing financial reporting relief, extending their validity until April 2031. These instruments cover rounding in financial reports, electronic lodgment, and relief for continuously quoted securities. ASIC also withdrew redundant guidance and repealed an outdated instrument.
What changed
ASIC has remade three legislative instruments that provide financial reporting relief, extending their validity until April 1, 2031. The remade instruments include relief for rounding amounts in financial and directors' reports, electronic lodgment of financial and sustainability reports, and relief for preparing disclosure documents for continuously quoted securities. These replace instruments set to sunset on April 1, 2026. As part of this process, ASIC has also withdrawn Regulatory Guide 28 and repealed ASIC Corporations (Offer Information Statements) Instrument 2016/76.
Affected entities, particularly public companies, will continue to benefit from these reporting reliefs. The electronic lodgment relief has been extended to entities listed on Cboe Australia. Companies should note that while these instruments are remade, related guidance documents (RG 125, RG 173, RG 189, RG 254, and INFO 31) will see minor amendments in April 2026. No immediate compliance actions are required as this is a continuation of existing relief, but entities should be aware of the new instrument numbers and their expiry date of April 1, 2031.
What to do next
- Update internal policies to reference the new instrument numbers: ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2026/183, ASIC Corporations (Electronic Lodgment of Financial and Sustainability Reports) Instrument 2026/59, and ASIC Corporations (Disregarding Technical Relief) Instrument 2026/180.
- Note the withdrawal of Regulatory Guide 28.
- Be aware of minor amendments to RGs 125, 173, 189, 254, and INFO 31 scheduled for April 2026.
Source document (simplified)
Print Share ASIC has remade three legislative instruments that provide financial reporting relief following consultation with industry.
The new instruments, which replace instruments due to sunset on 1 April 2026, are:
- ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2026/183
- ASIC Corporations (Electronic Lodgment of Financial and Sustainability Reports) Instrument 2026/59, and
- ASIC Corporations (Disregarding Technical Relief) Instrument 2026/180. These instruments will expire on 1 April 2031.
ASIC consulted on our proposal to:
- remake the three instruments
- withdraw Regulatory Guide 28 Relief from dual lodgment of financial reports (RG 28) because it provides redundant guidance, and
repeal ASIC Corporations (Offer Information Statements) Instrument 2016/76 in CS 45 Proposed remake and sunset of financial reporting-related legislative instruments.
As a result, in addition to remaking the three instruments, ASIC will:withdraw RG 28
repeal ASIC Instrument 2016/76 consistent with the proposal to allow the instrument to expire
amend ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 to reflect the remade ASIC Instrument 2026/180, and
make minor amendments to RG 125, RG 173, RG 189, RG 254 and INFO 31 in April 2026.
Background
ASIC Instrument 2026/183 allows entities to round amounts presented in financial reports and directors’ reports to the nearest thousand dollars. The remade instrument replaces ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191 .
ASIC Instrument 2026/59 allows entities listed on the securities exchanges operated by ASX Limited, Cboe Australia (Cboe), National Stock Exchange of Australia Limited and Sydney Stock Exchange Limited to lodge financial, sustainability and directors’ reports electronically with the market operator without having to lodge the reports with ASIC. The remade instrument replaces ASIC Corporations (Electronic Lodgment of Financial and Sustainability Reports) Instrument 2016/181 and extends the relief to entities listed on Cboe.
ASIC Instrument 2026/180 allows entities to prepare a disclosure document or product disclosure statement for ‘continuously quoted securities’ under sections 713 and 1013FA of the Corporations Act 2001 (Corporations Act) and to lodge ‘cleansing notices’ under sections 708A and 1012DA of the Corporations Act. The remade instrument replaces ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73.
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