Australia Remakes Financial Advice-Related Legislation to Extend Relief and Improve Coherence
SDG 8: Decent Work and Economic Growth | SDG 16: Peace, Justice and Strong Institutions
Institutions: Ministry of Finance
The Australian Securities and Investments Commission (ASIC) has issued a new legislative instrument titled ASIC Corporations (Financial Services Guide, General Advice Warning and Advertising Related Relief) Instrument 2025/234 to extend existing reliefs under three instruments set to sunset on 1 October 2025. These instruments govern licensing and disclosure exemptions for product issuers, requirements for financial services guides, and general advice warnings. The replacement merges all three into a single instrument with minor technical modifications while retaining core reliefs.
Stakeholder feedback during the consultation process supported continuation of reliefs. One submission sought to embed some of these reliefs into primary legislation. The changes aim to simplify regulatory compliance and maintain protections for consumers in the financial advice sector.
Relevant question for policy stakeholders: Should India consider consolidating fragmented regulatory reliefs in the financial advice sector into unified instruments to improve clarity and compliance efficiency?
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