{"id":"F2020L01475","name":"ASIC Corporations (Amendment) Instrument 2020/1080","slug":"asic-corporations-amendment-instrument-2020-1080","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":440676,"registerId":"F2020L01475-fast-fetch-1775956230210","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Amendment) Instrument 2020/1080","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: ASIC Template (Amending or Repealing Legislative Instruments - Jan 2019)\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Amendment) Instrument 2020/1080\n\nI, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate 25 November 2020\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nGrant Moodie\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc57186993)\n\n[1 Name of legislative instrument](#_Toc57186994)\n\n[2 Commencement](#_Toc57186995)\n\n[3 Authority](#_Toc57186996)\n\n[4 Schedules](#_Toc57186997)\n\n[Schedule 1—Amendments](#_Toc57186998)\n\n[ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840](#_Toc57186999)\n\n[ASIC Corporations (Wholly-owned Companies) Instrument 2016/785](#_Toc57187000)\n\n[ASIC Corporations (Extended Reporting and Lodgment Deadlines—Unlisted Entities) Instrument 2020/395](#_Toc57187001)\n\n[ASIC Corporations (Extended Reporting and Lodgment Deadlines—Listed Entities) Instrument 2020/451](#_Toc57187002)\n\n[Schedule 2—Application](#_Toc57187003)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Amendment) Instrument 2020/1080.\n\n2 Commencement\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislation.\n\nNote: The register may be accessed at [www.legislation.gov.au](http://www.legislation.gov.au).\n\n3 Authority\n\nThis instrument is made under subsections 341(1), 601QA(1) and 992B(1) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is amended 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.\n\nSchedule 1—Amendments\n\nASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840\n\n1 Subparagraph 5(1)(d)(iii)\n\nOmit “7 July 2020”, substitute “7 January 2021”\n\nASIC Corporations (Wholly-owned Companies) Instrument 2016/785\n\n2        Sub-subparagraph 6(1)(s)(ii)\n\nOmit “7 July 2020”, substitute “7 January 2021”\n\n3        Sub-subparagraph 6(1)(s)(iii)\n\nOmit “7 July 2020”, substitute “7 January 2021”\n\n4        Subsection 6(2)\n\nOmit “7 July 2020”, substitute “7 January 2021”\n\nASIC Corporations (Extended Reporting and Lodgment Deadlines—Unlisted Entities) Instrument 2020/395\n\n5 The whole of the instrument\n\nOmit “7 July 2020” (wherever occurring), substitute “7 January 2021”\n\nASIC Corporations (Extended Reporting and Lodgment Deadlines—Listed Entities) Instrument 2020/451\n\n6 The whole of the instrument\n\nOmit “7 July 2020” (wherever occurring), substitute “7 January 2021”\n\nSchedule 2—Application\n\n1 Transitional  \n\nThe amendments to the instruments specified in Schedule 1 to this instrument do not apply to the circumstances covered by the instruments in relation to a statutory deadline (including a deadline specified in any of those instruments) that has passed before the commencement of the amendments.\n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This amendment maintains the original scope of the COVID-19 relief measures. It does not expand the categories of companies covered, create new exemptions, or alter the substantive conditions for relief—it merely extends the temporal operation of existing relief by six months."},"complexity_factors":["Very short instrument (2 pages, 6 operative provisions)","Only one type of amendment: simple date substitution ('7 July 2020' → '7 January 2021')","No defined terms in this instrument itself (relies on definitions in amended instruments)","Single transitional provision with straightforward application rule","No nested conditions or cross-references to other legislation beyond naming the instruments being amended"],"plain_english_summary":"This ASIC amendment pushes several COVID-19 deadline relief dates from 7 July 2020 to 7 January 2021, extending extra time to lodge financial reports and hold meetings. It affects exempt proprietary, wholly‑owned, unlisted and listed companies that were granted relief. It matters because it gives another six months of pandemic accommodation, but it is not retrospective—companies that already missed the original July deadlines do not benefit."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"The instrument changes the temporal scope of existing relief by replacing all occurrences of “7 July 2020” with “7 January 2021” in the listed ASIC instruments (Schedule 1). It does not alter substantive content of those instruments and contains a transitional clause excluding situations where the statutory deadline had already passed before commencement (Schedule 2(1))."},"complexity_factors":["Uniform date substitution across multiple instruments (Schedule 1, items 1–6) — mechanically simple","Transitional non‑retroactivity: amendments do not apply to deadlines already passed (Schedule 2(1)) — requires entity‑specific temporal checks","Commencement is immediate (day after registration) so affected parties must verify current status quickly (cl 2)","Legal authority cited under Corporations Act subsections 341(1), 601QA(1) and 992B(1) (cl 3) — no new substantive powers created","Wide but time‑limited scope (affects exempt proprietary, wholly‑owned, listed and unlisted relief instruments) — administrative breadth increases coordination needs"],"plain_english_summary":"This instrument pushes back the expiry date for a set of temporary ASIC relief measures: every reference to “7 July 2020” in the named ASIC instruments is replaced with “7 January 2021”. It takes effect the day after registration. It therefore extends the period during which relaxed reporting and lodgment deadlines apply for exempt proprietary companies, wholly‑owned companies and certain listed and unlisted entities. The amendments do not revive relief for any statutory deadline that had already passed before the amendments commence."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-amendment-instrument-2020-1080","history":"/api/acts/asic-corporations-amendment-instrument-2020-1080/history","analysis":"/api/acts/asic-corporations-amendment-instrument-2020-1080/analysis","conflicts":"/api/acts/asic-corporations-amendment-instrument-2020-1080/conflicts","importantCases":"/api/acts/asic-corporations-amendment-instrument-2020-1080/important-cases","documents":"/api/acts/asic-corporations-amendment-instrument-2020-1080/documents"}}