Australian Securities and Investments Commission Corporations and Superannuation (Amendment) Instrument 2023/512 (Cth)

ASIC Corporations and Superannuation (Amendment) Instrument 2023/512

I, Leah Sciacca, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date    26 June 2023

Leah Sciacca

Contents

Part 1—Preliminary

1    Name of legislative instrument

2    Commencement

3    Authority

4    Schedules

Schedule 1—Amendments

ASIC Corporations (Consent to Deductions—Ongoing Fee Arrangements) Instrument 2021/124

ASIC Superannuation  (Consent to Pass on Costs of Providing Advice) Instrument 2021/126

Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations and Superannuation (Amendment) Instrument 2023/512.

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 Authority

This instrument is made under section 962T of the Corporations Act 2001 and subsection 99FA(2) of the Superannuation Industry (Supervision) Act 1993.

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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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 (Consent to Deductions—Ongoing Fee Arrangements) Instrument 2021/124

1          Paragraph 5(3)(a)

Omit “the name of the account holder”, substitute “the name of the account holder at the time the account holder signs (or otherwise agrees in writing to the terms of) the written consent”.

2          Paragraph 5(3)(b)

Omit “the name and contact details of the fee recipient”, substitute “the name and contact details of the person who, at the time the account holder signs (or otherwise agrees in writing to the terms of) the written consent, is to be the fee recipient”.

ASIC Superannuation (Consent to Pass on Costs of Providing Advice) Instrument 2021/126

3          Paragraph 5(3)(a)

Omit “the name of the member”, substitute “the name of the member at the time the member signs (or otherwise agrees in writing to the terms of) the written consent”.

4          Paragraph 5(3)(c)

Omit “the name and contact details of the provider of the financial product advice”, substitute “the name and contact details of the person who, at the time the member signs (or otherwise agrees in writing to the terms of) the written consent, is to be the provider of the financial product advice”.