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ASIC Corporations (Amendment) Instrument 2022/719

Authoritative Version
  • - F2022L01185
  • In force - Latest Version
Other as made
This instrument amends several other instruments to implement temporary measures to assist unlisted entities affected by the impacts of COVID-19 by allowing them up to one additional month to complete financial reports and have those reports audited.
Administered by: Treasury
Registered 08 Sep 2022
Tabling HistoryDate
Tabled HR23-Sep-2022
Tabled Senate26-Sep-2022
To be repealed 07 Feb 2023
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003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 Corporations (Amendment) Instrument 2022/719

I, Douglas Niven, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date    7 September 2022

 

 

 

Douglas Niven

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2022/719.

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 section 253T and subsections 341(1), 601QA(1) and 992B(1) of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.


Schedule 1—Amendments

ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191

1        Section 4 (subparagraph (a)(iii) of the definition of rounding factor)

Omit “194”, substitute “98”.

ASIC Corporations (Wholly-owned Companies) Instrument 2016/785

2        Subparagraph 6(1)(s)(ii)

After “7 January 2022 (both inclusive)”, insert “or between 24 June 2022 and 7 July 2022 (both inclusive)”.

3        Subparagraph 6(1)(s)(iii)

After “7 January 2022 (both inclusive)”, insert “or between 24 June 2022 and 7 July 2022 (both inclusive)”.

4       Subsection 6(2)

After “7 January 2022 (both inclusive)”, insert “or between 24 June 2022 and 7 July 2022 (both inclusive)”.

ASIC Corporations (Extended Reporting and Lodgment Deadlines—Unlisted Entities) Instrument 2020/395

5        The whole of the instrument

After “7 January 2022 (both inclusive)” (wherever occurring), insert “or between 24 June 2022 and 7 July 2022 (both inclusive)”.

ASIC Corporations (Extension of Time to Hold AGM) Instrument 2021/770

6        Subsection 5(3)

After “7 January 2022 (both inclusive)”, insert “or between 24 June 2022 and 7 July 2022 (both inclusive)”.