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ASIC Credit (Amendment) Instrument 2020/963

Authoritative Version
  • - F2020L01335
  • No longer in force
Other as made
This instrument amends the ASIC Credit (Deferral of Mortgage Broker Obligations) Instrument 2020/487 to extend the deferral to benefits paid in relation to credit services provided before 1 January 2021.
Administered by: Treasury
Registered 23 Oct 2020
Tabling HistoryDate
Tabled HR26-Oct-2020
Tabled Senate09-Nov-2020
Date of repeal 16 Feb 2021
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms and ASIC logo

ASIC Credit (Amendment) Instrument 2020/963

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.


Date    16 October 2020






Grant Moodie


Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Credit (Amendment) Instrument 2020/963.

2        Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note:    The register may be accessed at www.legislation.gov.au.

3        Authority

This instrument is made under subsection 163(3) of the National Consumer Credit Protection Act 2009.

4        Schedule

Each instrument that is specified in the Schedule to this instrument is amended as set out in the applicable items in the Schedule.

Schedule 1—Amendments

ASIC Credit (Deferral of Mortgage Broker Obligations) Instrument 2020/487

1        Subsection 6(1)

Omit the subsection, substitute:

(1)     The classes of persons specified for the purposes of this section are exempt from all provisions of Division 4 of Part 3-5A of the Act in relation to a benefit given in relation to the provision of a credit service before 1 January 2021, irrespective of whether the benefit is given before, on or after 1 January 2021.