ASIC Mortgage Offset Accounts Licensing Exemption 2017/795
Summary
ASIC Corporations (Mortgage Offset Accounts) Instrument 2017/795, F2026C00345, entered into force on 27 March 2026. The legislative instrument exempts specified providers of mortgage offset account services from the requirement to hold an Australian financial services licence under the Corporations Act 2001. The instrument is administered by the Department of the Treasury and is authorised by the Corporations Act 2001.
“ASIC Corporations (Mortgage Offset Accounts) Instrument 2017/795”
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What changed
ASIC Corporations (Mortgage Offset Accounts) Instrument 2017/795 creates a licensing exemption for entities providing mortgage offset account services. The instrument, designated F2026C00345, entered into force on 27 March 2026. Part 2 of the instrument, containing section 5 on the licensing exemption, sets out the scope and conditions of the exemption from Australian financial services licence requirements under the Corporations Act 2001.
Financial institutions and other providers of mortgage offset account services should review the exemption conditions to confirm their eligibility and any ongoing compliance requirements. The instrument may affect how banks and authorised deposit-taking institutions structure and market mortgage offset account products, and legal or compliance teams should verify whether existing licensing arrangements are impacted by this exemption.
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.
- Interactions
ASIC Corporations (Mortgage Offset Accounts) Instrument 2017/795
In force Administered by
- Department of the Treasury
This item is authorised by the following title:
- Corporations Act 2001 Latest version View as made version F2026C00345 C01 27 March 2026
View document Legislative instrument Filter active Table of contents
- Part 1—Preliminary
- 1 Name of legislative instrument
- 3 Authority
- 4 Definitions
- Part 2—Exemption
- 5 Licensing exemption for mortgage offset account services
- Endnotes
- Endnote 1—About the endnotes
- Endnote 2—Abbreviation key
- Endnote 3—Legislation history
- Endnote 4—Amendment history
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