{"id":"F2026L00331","name":"ASIC Corporations (Consents to Statements) Instrument 2026/89","slug":"asic-corporations-consents-to-statements-instrument-2026-89","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":107879,"registerId":"commonwealth-F2026L00331-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Consents to Statements) Instrument 2026/89","content":"![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Consents to Statements) Instrument 2026/89\n\nI, Amanda Zeller, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate 23 March 2026\n\nAmanda Zeller\n\nContents\n\nPart 1—Preliminary 3\n\n1 Name of legislative instrument....................................3\n\n2 Commencement...............................................3\n\n3 Authority....................................................3\n\n4 Schedules....................................................3\n\n5 Simplified outline of this instrument...............................3\n\n6 Definitions...................................................3\n\nPart 2—Declarations 4\n\n7 Bidder’s statements: statements for which consent not required..........4\n\n8 Target’s statements: statements for which consent not required..........7\n\n9 Disclosure documents: statements for which consent not required........9\n\n10 CSF offer documents: statements for which consent not required........12\n\n11 Product Disclosure Statements: statements for which consent not required14\n\nPart 3—Repeal 17\n\n12 Repeal......................................................17\n\nSchedule 1—Repeals 18\n\nASIC Corporations (Consents to Statements) Instrument 2016/72..........18\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Consents to Statements) Instrument 2026/89.\n\n2 Commencement\n\nThis instrument commences on the later of:\n\n(a) the day after it is registered on the Federal Register of Legislation; and\n\n(b) 1 April 2026.\n\n> Note: The register may be accessed at www.legislation.gov.au.\n\n3 Authority\n\nThis instrument is made under subsections 655A(1), 741(1) and 1020F(1) 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\n5 Simplified outline of this instrument\n\nThis instrument modifies the Act to allow disclosure documents, CSF offer documents, Product Disclosure Statements, bidder’s statements and target’s statements to include certain statements made by a person, without having to obtain the consent of the person.\n\nThe modifications apply to certain statements made by official persons or in books, journals or comparable publications; certain historical geological data; and certain trading data relating to trading on an approved financial market.\n\n6 Definitions\n\nIn this instrument:\n\nAct means the Corporations Act 2001.\n\nPart 2—Declarations\n\n7 Bidder’s statements: statements for which consent not required\n\nChapter 6 of the Act applies to all persons as if section 636 were modified or varied by, after subsection (3), inserting:\n\n“Statements by official persons, or in books, journals etc\n\n(3A) Subsection (3) does not apply to a statement that:\n\n(a) fairly represents what purports to be a statement made by an official person; or\n\n(b) is a correct and fair copy of, or extract from, what purports to be a public official document; or\n\n(c) is a correct and fair copy of, or extract from, a statement which has already been published in a book, journal or comparable publication;\n\nprovided the statement was not made, or published, in connection with the takeover bid or the bidder or target or any business, property or person the subject of the bidder’s or target’s statement.\n\nHistorical geological data\n\n(3B) Subsection (3) does not apply to a historical geological report reference that is included in a bidder’s statement or an accompanying document provided all of the following are satisfied:\n\n(a) the historical geological report reference is included in a geological report (the current report) set out in the statement or document;\n\n(b) the report (the previous report) to which the historical geological report reference relates is available for inspection or acquisition by any person, with or without payment of a fee, at or from:\n\n    (i) a governmental department, authority or agency of an Australian State or Territory or of the Commonwealth; or\n    (ii) an operator of a declared financial market;\n\n> Note: declared financial market is defined in section 9D. Until the time the first declaration is made under subsection 9D(2), a market that was prescribed as a prescribed financial market by former regulation 1.0.02A of the Corporations Regulations 2001 is taken to be a declared financial market: see section 1705F.\n\n(c) the previous report was not prepared in connection with the takeover bid;\n\n(d) the previous report was not prepared or commissioned by a person:\n\n(i) who is the bidder or an associate; or\n\n(ii) with whom the bidder, or an associate, has shared an interest in a tenement the subject of the current report; or\n\n(iii) from whom the bidder, or an associate, has purchased the tenement; or\n\n(iv) where securities are offered as consideration under the bid and the bidder, or an associate, is not the body that has issued or will issue the securities:\n\n(A) with whom the issuer, or an associate, has shared an interest in a tenement that is covered by the current report; or\n\n(B) from whom the issuer, or an associate, has purchased the tenement;\n\n(e) the current report states, close to the historical geological report reference:\n\n(i) the name of the person who prepared the previous report; and\n\n(ii) that the person who prepared the previous report has not consented to the use of the historical geological report reference in the bidder’s statement or in the accompanying document (as applicable).\n\nIf the current report includes more than one historical geological report reference which relates to the previous report, paragraph (e) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\nTrading data\n\n(3C) Subsection (3) does not apply to a trading data reference that is included in a bidder’s statement or an accompanying document provided both of the following are satisfied:\n\n(a) the trading data to which the trading data reference relates reflects trading on an approved financial market;\n\n(b) the bidder’s statement or the accompanying document states, close to the trading data reference:\n\n(i) the name of the person who prepared the trading data; and\n\n(ii) that the person who prepared the trading data has not consented to the use of the reference in the bidder’s statement or the accompanying document (as applicable).\n\nIf the statement or document includes more than one trading data reference relating to trading data prepared by the same person, paragraph (b) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\n(3D) In this section:\n\napproved financial market means each of the following:\n\n(a) a declared financial market;\n\n(b) an approved foreign market;\n\n(c) Chicago Board of Trade (also known as CBOT);\n\n(d) Commodities Exchange (also known as COMEX);\n\n(e) Euronext.liffe;\n\n(f) ICE Futures Canada;\n\n(g) ICE ENDEX;\n\n(h) ICE Futures Europe;\n\n(i) ICE Futures Singapore;\n\n(j) ICE Futures U.S.;\n\n(k) London Metal Exchange;\n\n(l) NASDAQ PHLX (also known as PHLX);\n\n(m) NASDAQ Futures (also known as NFX);\n\n(n) New York Mercantile Exchange (also known as NYMEX).\n\nNote: The definition of approved foreign market is notionally inserted in section 9 by ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669.\n\ngeological report means a report dealing with the estimation, assessment or evaluation of minerals that has been prepared by a person who:\n\n(a) is a Member or Fellow of:\n\n(i) the Australian Institute of Mining and Metallurgy; or\n\n(ii) the Australian Institute of Geoscientists; and\n\n(b) has not less than five years’ experience relevant to the estimation, assessment and evaluation of minerals of the kind that are the subject of the report.\n\nhistorical geological report reference means a copy of, or extract from, or accurate representation of, a geological report.\n\ntrading data means quantitative data on the prices at which financial products are traded and the volume of that trading.\n\ntrading data reference means a copy of, or extract from, accurate representation or analysis of, trading data.”.\n\n8 Target’s statements: statements for which consent not required\n\nChapter 6 of the Act applies to all persons as if section 638 were modified or varied by, after subsection (5), inserting:\n\n“Statements by official persons, or in books, journals etc\n\n(5A) Subsection (5) does not apply to a statement that:\n\n(a) fairly represents what purports to be a statement made by an official person; or\n\n(b) is a correct and fair copy of, or extract from, what purports to be a public official document; or\n\n(c) is a correct and fair copy of, or extract from, a statement which has already been published in a book, journal or comparable publication;\n\nprovided the statement was not made, or published, in connection with the takeover bid or the bidder or target or any business, property or person the subject of the bidder’s or target’s statement.\n\nHistorical geological data\n\n(5B) Subsection (5) does not apply to a historical geological report reference that is included in a target’s statement or an accompanying document provided all of the following are satisfied:\n\n(a) the historical geological report reference is included in a geological report (the current report) set out in the statement or document;\n\n(b) the report (the previous report) to which the historical geological report reference relates is available for inspection or acquisition by any person, with or without payment of a fee, at or from:\n\n(i) a governmental department, authority or agency of an Australian State or Territory or of the Commonwealth; or\n\n(ii) an operator of a declared financial market;\n\n(c) the previous report was not prepared in connection with the preparation of the target’s statement;\n\n(d) the previous report was not prepared or commissioned by a person:\n\n(i) who is the target or an associate; or\n\n(ii) with whom the target, or an associate, has shared an interest in a tenement the subject of the current report; or\n\n(iii) from whom the target, or an associate, has purchased the tenement; or\n\n(iv) where securities are offered as consideration under the bid and the bidder, or an associate, is not the body that has issued or will issue the securities:\n\n(A) with whom the issuer, or an associate, has shared an interest in a tenement that is covered by the current report; or\n\n(B) from whom the issuer, or an associate, has purchased the tenement;\n\n(e) the current report states, close to the historical geological report reference:\n\n(i) the name of the person who prepared the previous report; and\n\n(ii) that the person who prepared the previous report has not consented to the use of the historical geological report reference in the target’s statement or in the accompanying document (as applicable).\n\nIf the current report includes more than one historical geological report reference which relates to the previous report, paragraph (e) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\nTrading data\n\n(5C) Subsection (5) does not apply to a trading data reference that is included in a target’s statement or an accompanying document provided both of the following are satisfied:\n\n(a) the trading data to which the trading data reference relates reflects trading on an approved financial market;\n\n(b) the target’s statement or the accompanying document states, close to the trading data reference:\n\n(i) the name of the person who prepared the trading data; and\n\n(ii) that the person who prepared the trading data has not consented to the use of the reference in the target’s statement or the accompanying document (as applicable).\n\nIf the statement or document includes more than one trading data reference relating to trading data prepared by the same person, paragraph (b) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\n(5D) In this section:\n\napproved financial market, geological report, historical geological report reference, trading data and trading data reference have the same respective meanings as in subsection 636(3D).”.\n\n9 Disclosure documents: statements for which consent not required\n\nChapter 6D of the Act applies to all persons as if section 716 were modified or varied by, after subsection (2), inserting:\n\n“Statements by official persons, or in books, journals etc\n\n(2A) Subsection (2) does not apply to a statement that:\n\n(a) fairly represents what purports to be a statement made by an official person; or\n\n(b) is a correct and fair copy of, or extract from, what purports to be a public official document; or\n\n(c) is a correct and fair copy of, or extract from, a statement which has already been published in a book, journal or comparable publication;\n\nprovided the statement was not made, or published, in connection with any or all of the persons, their business, or the promotion the subject of the disclosure document or any property to be acquired by the body which is the subject of the disclosure document.\n\nHistorical geological data\n\n(2B) Subsection (2) does not apply to a historical geological report reference that is included in a disclosure document provided all of the following are satisfied:\n\n(a) the historical geological report reference is included in a geological report (the current report) set out in the disclosure document;\n\n(b) the report (the previous report) to which the historical geological report reference relates is available for inspection or acquisition by any person, with or without payment of a fee, at or from:\n\n(i) a governmental department, authority or agency of an Australian State or Territory or of the Commonwealth; or\n\n(ii) an operator of a declared financial market;\n\n(c) the previous report was not prepared in connection with the preparation of the disclosure document;\n\n(d) the previous report was not prepared or commissioned by a person:\n\n(i) with whom the person offering securities, or an associate, has shared an interest in a tenement the subject of the current report; or\n\n(ii) from whom the person offering securities, or an associate, has purchased the tenement; or\n\n(iii) where the person offering securities is not the issuer:\n\n(A) with whom the issuer, or an associate, has shared an interest in a tenement that is covered by the current report; or\n\n(B) from whom the issuer, or an associate, has purchased the tenement; or\n\n(iv) who is an associate of:\n\n(A) the person offering the securities; or\n\n(B) where the person offering the securities is not the issuer—the issuer; or\n\n(v) where the securities are a legal or equitable right or interest in a share or a debenture:\n\n(A) who is the issuer of the share or debenture, or an associate; or\n\n(B) with whom the issuer of the share or debenture, or an associate, has shared an interest in a tenement that is covered by the current report; or\n\n(C) from whom the issuer of the share or debenture, or an associate, has purchased the tenement;\n\n(e) the current report states, close to the historical geological report reference:\n\n(i) the name of the person who prepared the previous report; and\n\n(ii) that the person who prepared the previous report has not consented to the use of the historical geological report reference in the disclosure document.\n\nIf the current report includes more than one historical geological report reference which relates to the previous report, paragraph (e) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\nTrading data\n\n(2C) Subsection (2) does not apply to a trading data reference that is included in a disclosure document provided both of the following are satisfied:\n\n(a) the trading data to which the trading data reference relates reflects trading on an approved financial market;\n\n(b) the disclosure document states, close to the trading data reference:\n\n(i) the name of the person who prepared the trading data; and\n\n(ii) that the person who prepared the trading data has not consented to the use of the reference in the disclosure document.\n\nIf the disclosure document includes more than one trading data reference relating to trading data prepared by the same person, paragraph (b) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\n(2D) In this section:\n\napproved financial market, geological report, historical geological report reference, trading data and trading data reference have the same respective meanings as in subsection 636(3D).”.\n\n10 CSF offer documents: statements for which consent not required\n\nChapter 6D of the Act applies to all persons as if section 738M were modified or varied by, after subsection (2), inserting:\n\n“Statements by official persons, or in books, journals etc\n\n(2A) Subsection (2) does not apply to a statement that:\n\n(a) fairly represents what purports to be a statement made by an official person; or\n\n(b) is a correct and fair copy of, or extract from, what purports to be a public official document; or\n\n(c) is a correct and fair copy of, or extract from, a statement which has already been published in a book, journal or comparable publication;\n\nprovided the statement was not made, or published, in connection with any or all of the persons, their business, or the promotion the subject of the CSF offer document or any property to be acquired by the company which is the subject of the CSF offer document.\n\nHistorical geological data\n\n(2B) Subsection (2) does not apply to a historical geological report reference that is included in a CSF offer document provided all of the following are satisfied:\n\n(a) the historical geological report reference is included in a geological report (the current report) set out in the CSF offer document;\n\n(b) the report (the previous report) to which the historical geological report reference relates is available for inspection or acquisition by any person, with or without payment of a fee, at or from:\n\n    (i) a governmental department, authority or agency of an Australian State or Territory or of the Commonwealth; or\n    (ii) an operator of a declared financial market;\n\n(c) the previous report was not prepared in connection with the preparation of the CSF offer document;\n\n(d) the previous report was not prepared or commissioned by a person:\n\n    (i) with whom the person offering securities, or an associate, has shared an interest in a tenement the subject of the current report; or\n    (ii) from whom the person offering securities, or an associate, has purchased the tenement; or\n    (iii) where the person offering securities is not the issuer:\n      (A) with whom the issuer, or an associate, has shared an interest in a tenement that is covered by the current report; or\n      (B) from whom the issuer, or an associate, has purchased the tenement; or\n    (iv) who is an associate of:\n      (A) the person offering the securities; or\n      (B) where the person offering the securities is not the issuer—the issuer; or\n    (v) where the securities are a legal or equitable right or interest in a share or a debenture:\n      (A) who is the issuer of the share or debenture, or an associate; or\n      (B) with whom the issuer of the share or debenture, or an associate, has shared an interest in a tenement that is covered by the current report; or\n      (C) from whom the issuer of the share or debenture, or an associate, has purchased the tenement;\n\n(e) the current report states, close to the historical geological report reference:\n\n    (i) the name of the person who prepared the previous report; and\n    (ii) that the person who prepared the previous report has not consented to the use of the historical geological report reference in the CSF offer document.\n\nIf the current report includes more than one historical geological report reference which relates to the previous report, paragraph (e) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\nTrading data\n\n(2C) Subsection (2) does not apply to a trading data reference that is included in a CSF offer document provided both of the following are satisfied:\n\n(a) the trading data to which the trading data reference relates reflects trading on an approved financial market;\n\n(b) the CSF offer document states, close to the trading data reference:\n\n    (i) the name of the person who prepared the trading data; and\n    (ii) that the person who prepared the trading data has not consented to the use of the reference in the CSF offer document.\n\nIf the CSF offer document includes more than one trading data reference relating to trading data prepared by the same person, paragraph (b) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\n(2D) In this section:\n\napproved financial market, geological report, historical geological report reference, trading data and trading data reference have the same respective meanings as in subsection 636(3D).”.\n\n11 Product Disclosure Statements: statements for which consent not required\n\nPart 7.9 of the Act applies in relation to a responsible person as if section 1013K were modified or varied by, after subsection (1), inserting:\n\n“Statements by official persons, or in books, journals etc\n\n(1A) Subsection (1) does not apply to a statement that:\n\n(a) fairly represents what purports to be a statement made by an official person; or\n\n(b) is a correct and fair copy of, or extract from, what purports to be a public official document; or\n\n(c) is a correct and fair copy of, or extract from, a statement which has already been published in a book, journal or comparable publication;\n\nprovided the statement was not made, or published, in connection with the responsible person, their business, or the promotion the subject of the Product Disclosure Statement or any property to be acquired by the responsible person which is the subject of the Product Disclosure Statement.\n\nHistorical geological data\n\n(1B) Subsection (1) does not apply to a historical geological report reference that is included in a Product Disclosure Statement provided all of the following are satisfied:\n\n(a) the historical geological report reference is included in a geological report (the current report) set out in the Product Disclosure Statement;\n\n(b) the report (the previous report) to which the historical geological report reference relates is available for inspection or acquisition by any person, with or without payment of a fee, at or from:\n\n(i) a governmental department, authority or agency of an Australian State or Territory or of the Commonwealth; or\n\n(ii) an operator of a declared financial market;\n\n(c) the previous report was not prepared in connection with the preparation of the Product Disclosure Statement;\n\n(d) the previous report was not prepared or commissioned by a person:\n\n(i) with whom the person offering the financial products, or an associate, has shared an interest in a tenement that is the subject of the current report; or\n\n(ii) from whom the person offering the financial products, or an associate, has purchased the tenement; or\n\n(iii) where the person offering the financial products is not the issuer:\n\n(A) with whom the issuer, or an associate, has shared an interest in a tenement that is covered by the current report; or\n\n(B) from whom the issuer, or an associate, has purchased the tenement; or\n\n(iv) who is an associate of:\n\n(A) the person offering the financial products; or\n\n(B) where the person offering the financial products is not the issuer—the issuer;\n\n(e) the current report states, close to the historical geological report reference:\n\n(i) the name of the person who prepared the previous report; and\n\n(ii) that the person who prepared the previous report has not consented to the use of the historical geological report reference in the Product Disclosure Statement.\n\nIf the current report includes more than one historical geological report reference which relates to the previous report, paragraph (e) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\nTrading data\n\n(1C) Subsection (1) does not apply to a trading data reference that is included in a Product Disclosure Statement provided both of the following are satisfied:\n\n(a) the trading data to which the trading data reference relates reflects trading on an approved financial market;\n\n(b) the Product Disclosure Statement states, close to the trading data reference:\n\n(i) the name of the person who prepared the trading data; and\n\n(ii) that the person who prepared the trading data has not consented to the use of the reference in the Product Disclosure Statement.\n\nIf the Product Disclosure Statement includes more than one trading data reference relating to trading data prepared by the same person, paragraph (b) only has to be complied with in relation to the first occurring reference provided it is apparent that the subsequent references are from the same source.\n\n(1D) In this section:\n\napproved financial market, geological report, historical geological report reference, trading data and trading data reference have the same respective meanings as in subsection 636(3D).”.\n\n  \n\nPart 3—Repeal\n\n12 Repeal\n\nThis instrument is repealed at the start of 1 April 2031.\n\n  \n\nSchedule 1—Repeals\n\nASIC Corporations (Consents to Statements) Instrument 2016/72\n\n1 The whole of the instrument\n\nRepeal the instrument.","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":true,"description":"This instrument expressly repeals ASIC Corporations (Consents to Statements) Instrument 2016/72 (Schedule 1) and replaces it with detailed exemptions extending to bidder’s statements, target’s statements, disclosure documents, CSF offer documents and Product Disclosure Statements. The new text specifies precise conditional tests for historical geological report references and trading‑data references and lists approved markets, so the instrument’s operational scope and compliance detail differ from the mere fact of repeal and replacement."},"complexity_factors":["Multiple coordinated amendments across several parts of Chapter 6 and Chapter 6D and Part 7.9 (see inserted subsections in ss 636, 638, 716, 738M and 1013K), increasing cross‑sectional legal interaction.","Detailed conditional exemptions for historical geological report references with numerous provenance and non‑association tests (see subsections 636(3B), 638(5B), 716(2B), 738M(2B), 1013K(1B)).","Trading‑data exemption tied to an explicit, enumerated list of approved financial markets and to specific disclosure placement requirements ('close to' the trading data reference) (see 636(3C)–(3D) and equivalents).","New technical definitions (eg. geological report, historical geological report reference, trading data/reference, approved financial market) that create specialist compliance obligations and evidentiary needs (see 636(3D)).","Multiple cross‑references to existing Corporations Act provisions and external instruments (eg. declared financial market, approved foreign market), requiring reviewers to trace layered authority and prior instruments.","Administrative timing and temporal scope: commencement on later of registration or 1 April 2026 and automatic repeal at start of 1 April 2031 (see ss 2 and 12), adding lifecycle planning for affected entities.","Repeal of an earlier ASIC instrument (ASIC Corporations (Consents to Statements) Instrument 2016/72) in Schedule 1, requiring comparison against prior text for affected stakeholders.","Operational compliance requirements that are fact‑specific (availability for inspection/acquisition, name of preparer, and explicit statement that consent was not provided), raising record‑keeping and disclosure placement risk.","Delegated instrument mechanics (made by ASIC delegate under ss 655A(1), 741(1), 1020F(1) of the Act) which can affect interpretation and administrative discretion."],"plain_english_summary":"This instrument amends the Corporations Act so bidders, targets, issuers and product/crowd‑funding offerers can include certain third‑party material in takeover documents, disclosure documents and product disclosure statements without obtaining the original author’s consent. It covers public official statements and material from books/journals, specified historical geological report excerpts (subject to provenance and non‑association conditions) and trading‑data extracts from listed approved markets. It matters because it reduces consent hurdles while imposing detailed provenance, disclosure and availability conditions on document preparers."},"kimi_summary":{"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"The instrument appears to maintain the same scope as its predecessor (ASIC Corporations (Consents to Statements) Instrument 2016/72, which it repeals). It continues the established pattern of providing consent exemptions for official statements, historical geological data, and trading data across the same five types of disclosure documents. The structure and substantive content remain consistent with the original 2016 instrument, suggesting this is a re-enactment or consolidation rather than an expansion of scope."},"complexity_factors":["Extensive cross-referencing: The instrument modifies five different sections of the Corporations Act (sections 636, 638, 716, 738M, and 1013K) with nearly identical but subtly different language for each context","Nested conditional logic: The geological data exemption contains 5 separate conditions (a)-(e), with sub-conditions (i)-(v) under condition (d), and further sub-sub-conditions (A)-(C) under some of those","Defined terms with external references: Terms like 'approved financial market', 'geological report', and 'trading data' are defined by reference to other subsections (636(3D)), creating a web of dependencies","Multiple overlapping exclusion criteria: The 'associate' relationships and 'tenement' ownership tests create complex factual matrices that must be satisfied","Temporal limitation: The instrument includes a sunset clause (repeal on 1 April 2031) and repeals a previous instrument, requiring understanding of the legislative history","14 specific approved financial markets listed by name in the definition, including foreign exchanges (CBOT, COMEX, LME, etc.)"],"plain_english_summary":"This ASIC rule lets companies include certain third‑party content in takeover documents, prospectuses, CSF offers and PDSs without obtaining written consent: official/publicly published statements, historical geological reports meeting public‑availability and independence tests, and market trading data from licensed markets. It requires disclosure of the source and that consent hasn’t been obtained. The change removes costly delays — especially for mining and market data — while keeping investor protection through transparency."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-consents-to-statements-instrument-2026-89","history":"/api/acts/asic-corporations-consents-to-statements-instrument-2026-89/history","analysis":"/api/acts/asic-corporations-consents-to-statements-instrument-2026-89/analysis","conflicts":"/api/acts/asic-corporations-consents-to-statements-instrument-2026-89/conflicts","importantCases":"/api/acts/asic-corporations-consents-to-statements-instrument-2026-89/important-cases","documents":"/api/acts/asic-corporations-consents-to-statements-instrument-2026-89/documents"}}