CS 9 Proposed extension of employee redundancy funds relief
Released 30 July 2024. Comments close 23 August 2024.
We are seeking feedback on our proposal to extend the relief currently provided to employee redundancy funds from the AFS licensing and managed investment provisions of the Corporations Act. The relief is due to expire ('sunset') on 1 October 2024.
The proposal involves remaking ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150 and extending the relief for a period of five years.
We have assessed that the legislative instrument is operating effectively and efficiently, and continues to form a necessary and useful part of the legislative framework.
A consultation paper was not issued for this consultation.
Providing feedback
We invite feedback on our proposal. You should send your submissions to rri.consultation@asic.gov.au by 5pm on 23 August 2024.
You can provide feedback anonymously or using an alias. However, we will not be able to contact you to discuss your feedback if you submitted it in this manner.
Your feedback will not be treated as confidential unless you specifically request that we treat the whole or part of it (such as any personal or financial information) as confidential.
Please see ASIC's privacy policy for more information about how we handle personal information, your rights to seek access to and correct personal information, and the right to complain about breaches of privacy by ASIC.
Related links
ASIC proposes to extend relief for employee redundancy funds
ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150