The ASIC Corporations (Sale Offers by Controllers) Instrument 2026/95 has been enacted and is now in force, effective March 25, 2026. This legislative instrument, authorised under the Corporations Act 2001, likely provides specific conditions or exemptions related to the sale of assets or shares by controllers of companies, potentially impacting insolvency proceedings or corporate restructurings.

Compliance officers should review the full text of the instrument to understand any new obligations or clarifications regarding sale offers made by controllers. While the effective date is March 25, 2026, immediate review is recommended to ensure adherence to any new requirements or to confirm existing practices remain compliant. No specific penalties are detailed in the provided summary, but non-compliance with ASIC instruments can lead to regulatory action.