• AST GVT registered ASIC corporations (amendment and repeal) instrument 2024/229.
• As per explanatory statement, it repeals instruments which no longer have any legal effect, but would otherwise continue to be identified as in force until their sunset date.

Repeals

• The instrument repeals ASIC corporations (derivative clearing exemption) instrument 2018/209, as the exemption arrangement provided by 2018/209 has been formalized in the ASIC derivative transaction rules (clearing) 2015.
• It also repeals ASIC corporations (extended reporting and lodgment deadlines - unlisted entities) instrument 2020/395 and ASIC corporations (extended reporting and lodgment deadlines - listed entities) instrument 2020/451.
• 2020/395 and 2020/451 provided temporary financial reporting relief due to Covid-19; they applied to financial years ending in 2021/2022 so the relief has no ongoing effect.

Minor Consequential Amendments

• Minor amendments made to ASIC corporations takeover bids) instrument 2023/683, ASIC corporations (warrants: relevant interests and associations) instrument 2023/687  for consistency with definitions in the Corporations act 2001 (ASTCA).

Effectiveness

• Instrument 2024/229 comes into force on 15 May 2024 (i.e. the day after registration).