{"id":"F2022L00422","name":"ASIC Corporations (Amendment) Instrument 2022/206","slug":"asic-corporations-amendment-instrument-2022-206","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":441306,"registerId":"F2022L00422-fast-fetch-1775956639107","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Amendment) Instrument 2022/206","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Amendment) Instrument 2022/206\n\n \n\nI, Nathan Bourne, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDated 28 March 2022\n\n \n\n \n\n \n\nNathan Bourne\n\n \n\nContents\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\n2 Commencement\n\n3 Authority\n\n4 Schedules\n\nSchedule 1—Amendments\n\nASIC Corporations (Derivative Clearing Exemption) Instrument 2018/209\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Amendment) Instrument 2022/206.\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 paragraph 907D(2)(a) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its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.\n\n\nSchedule 1—Amendments\n\nASIC Corporations (Derivative Clearing Exemption) Instrument 2018/209\n\n1 Section 5\n\nOmit “2 April 2022”, substitute “2 April 2024”.\n\n \n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1235},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The amendment does not alter the substantive scope of the exemption. It purely extends the temporal application (sunset date) by two years. The entities covered, types of derivatives, and conditions of the exemption remain identical to the 2018 instrument."},"complexity_factors":["Single amendment consisting of a simple date substitution (changing '2 April 2022' to '2 April 2024')","No defined terms or interpretation section","No conditional logic, exceptions, or nested provisions","Only one section affected in the target instrument"],"plain_english_summary":"**What this does:** This instrument extends an existing exemption that allows certain financial market participants to avoid mandatory central clearing requirements for derivatives (like swaps and futures).\n\n**The change:** It pushes back the expiry date of the exemption from 2 April 2022 to 2 April 2024 by amending the *ASIC Corporations (Derivative Clearing Exemption) Instrument 2018/209*.\n\n**Who it affects:** Banks, investment firms, and other entities trading derivatives who currently rely on ASIC's exemption from having to clear these trades through a licensed central counterparty (a special type of clearing house that sits between buyers and sellers to reduce risk).\n\n**Why it matters:** Without this extension, these entities would have had to comply with mandatory clearing requirements from April 2022 onwards. The extension gives them two more years of relief before the exemption expires."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-amendment-instrument-2022-206","history":"/api/acts/asic-corporations-amendment-instrument-2022-206/history","analysis":"/api/acts/asic-corporations-amendment-instrument-2022-206/analysis","conflicts":"/api/acts/asic-corporations-amendment-instrument-2022-206/conflicts","importantCases":"/api/acts/asic-corporations-amendment-instrument-2022-206/important-cases","documents":"/api/acts/asic-corporations-amendment-instrument-2022-206/documents"}}