ASIC Remakes Technical Relief and Credit Disclosure Instruments

ASIC News & Regulatory Updates

Published January 1st, 2026

Detected March 31st, 2026

Summary

ASIC has remade two legislative instruments providing technical relief to Australian financial services licensees and modifying reverse-mortgage disclosure requirements for credit licensees. The instruments will expire on 1 April 2031. ASIC consulted on the remakes in December 2025 and received no submissions.

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What changed

ASIC has remade ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115 and ASIC Credit (Updated details for prescribed disclosure) Instrument 2026/122, both set to expire on 1 April 2031. Instrument 2026/115 makes technical changes to Corporations Act 2001 provisions regarding AFS licence exemptions (including those under subsection 926A(2)) and lodgement/publishing of supplementary documents under Chapters 6, 6D, and Part 7.9. Instrument 2026/122 modifies reverse mortgage information statement requirements in Schedule 5A of the Consumer Credit Protection Regulations 2010 by removing a paragraph referring to the National Information Centre on Retirement Investments.

AFS licensees and credit licensees should review the updated instruments to ensure compliance with the revised technical relief provisions and disclosure requirements. ASIC will also make consequential amendments to other ASIC instruments via ASIC Corporations (Amendment) Instrument 2026/116 and incorporate minor amendments to RG 121 in April 2026. These are routine administrative renewals that replace the 2015 and 2016 versions of the respective instruments.

What to do next

Review ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115 for updated technical relief provisions
Update reverse mortgage disclosure processes to reflect removal of National Information Centre reference per ASIC Credit Instrument 2026/122
Monitor for RG 121 amendments scheduled for April 2026

Source document (simplified)

Newsroom

Print Share ASIC has remade two legislative instruments, which give technical relief to Australian financial services (AFS) licensees and modify required reverse-mortgage disclosures by Australian credit licensees.

The legislative instruments are:

ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115, and
ASIC Credit (Updated details for prescribed disclosure) Instrument 2026/122 . These instruments will expire on 1 April 2031.

ASIC consulted on remaking the technical relief and updated credit disclosure instruments in December 2025 and received no submissions.

In addition to remaking the relief, we will:

make ASIC Corporations (Amendment) Instrument 2026/116, which incorporates consequential amendments to other ASIC instruments, and
incorporate minor amendments to RG 121 in April 2026.

Background

ASIC Instrument 2026/115 makes technical changes to provisions of the Corporations Act 2001 relating to:

those who are exempt from the requirement to hold an AFS licence to include those ASIC exempts under subsection 926A(2) of the Act, and
the lodgement or publishing of supplementary or replacement documents under Chapter 6, Chapter 6D and Part 7.9 of the Act.
The remade instrument replaces ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115.

ASIC Instrument 2026/122 modifies the reverse mortgage information statement prescribed in Schedule 5A of the Consumer Credit Protection Regulations 2010 to remove a paragraph referring to the National Information Centre on Retirement Investments.

The remade instrument replaces paragraph 5(a) of ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200.