ASIC Corporations (School Enrolment Deposits) Instrument 2016/812

The consolidated version F2026C00340 of the ASIC Corporations (School Enrolment Deposits) Instrument 2016/812 has been issued, updating the prior version of the exemption that applies to school enrolment deposits under the Corporations Act 2001. This legislative instrument grants relief from specific Corporations Act obligations that would otherwise apply to schools and education providers in connection with enrolment deposits collected from families. The exemption is administered by the Department of the Treasury, indicating cross-agency oversight of school financial arrangements. Schools, education providers, and their advisers should review the Part 2 exemption provisions to confirm whether existing deposit practices remain covered under the updated instrument.

Education providers that collect enrolment deposits should verify their practices align with the current exemption terms, as reliance on outdated instrument versions could expose institutions to Corporations Act compliance risks. Legal and compliance teams at schools should confirm with ASIC or qualified legal counsel that their specific deposit arrangements fall within the scope of the exemption as now consolidated.