{"id":"F2022L00582","name":"ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259","slug":"asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":441356,"registerId":"F2022L00582-fast-fetch-1775956668811","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259","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![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259\n\nI, Suneeta Sidhu, delegate of the Australian Securities and Investments Commission, acting in accordance with the written approval of the Minister under subsection 1023H(4) of the Corporations Act 2001, make the following legislative instrument.\n\n \n\nDate 5 April 2022\n\n \n\n \n\n \n\nSuneeta Sidhu\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc100069028)\n\n[1 Name of legislative instrument](#_Toc100069029)\n\n[2 Commencement](#_Toc100069030)\n\n[3 Authority](#_Toc100069031)\n\n[Part 2—Declaration](#_Toc100069032)\n\n[4 Terms of declaration](#_Toc100069033)\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259.\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 subsection 1023H(1) of the Corporations Act 2001.\n\n \n\nPart 2—Declaration\n\n4 Terms of declaration\n\nASIC Corporations (Product Intervention Order—Contracts for Difference) Instrument 2020/986 remains in force for the period ending at the end of 23 May 2027, unless it is revoked earlier.\n\n \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":"The instrument performs exactly one function: extending the duration of an existing product intervention order. There is no expansion of scope, no new restrictions, and no modification of the substantive rules governing CFDs. The scope remains identical to the original 2020 instrument."},"complexity_factors":["Extremely short: only 4 operative sections across 2 Parts","No defined terms section—relies entirely on external references to the 2020 instrument and Corporations Act","Single substantive provision (section 4) consisting of one sentence","No conditional logic, exceptions, or nested provisions","Cross-references only to: (a) the enabling legislation (Corporations Act 2001), and (b) the instrument being extended (2020/986)"],"plain_english_summary":"This instrument extends ASIC’s product intervention order banning risky retail contracts for difference (CFDs) for five more years, until 23 May 2027. It keeps protections for retail investors from highly leveraged, loss-prone CFD trading and requires brokers to continue complying with restrictions—preventing a lapse that would otherwise expose consumers to aggressive marketing and severe financial harm."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument does not alter the substantive scope or terms of the underlying product intervention order; it only extends the period that ASIC Instrument 2020/986 remains in force to the end of 23 May 2027, subject to earlier revocation (section 4)."},"complexity_factors":["Single, short operative clause: extends the duration of an existing instrument rather than creating new substantive law (section 4).","Relies by reference on ASIC Corporations (Product Intervention Order—Contracts for Difference) Instrument 2020/986, requiring readers to consult that instrument for substantive obligations.","Made under subsection 1023H(1) of the Corporations Act 2001 and notes ministerial approval under subsection 1023H(4) in the preamble—delegated administrative decision with statutory authorization (pre‑amble, section 3).","Commencement is tied to registration on the Federal Register of Legislation, creating a clear start date rule (section 2).","Leaves open earlier revocation, so the effective duration is bounded but not immutable (section 4).","Low drafting complexity but medium practical complexity for regulated entities because compliance obligations from the 2020 order continue unchanged."],"plain_english_summary":"This instrument keeps ASIC’s earlier product intervention order on Contracts for Difference (ASIC Instrument 2020/986) in force until 23 May 2027. It does not add new substantive rules; it prolongs the compliance, enforcement and market effects already imposed by the 2020 order, so firms and clients currently covered continue to face the same obligations and restrictions unless the order is revoked earlier."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259","history":"/api/acts/asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259/history","analysis":"/api/acts/asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259/analysis","conflicts":"/api/acts/asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259/conflicts","importantCases":"/api/acts/asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259/important-cases","documents":"/api/acts/asic-corporations-product-intervention-order-extension-contracts-for-difference-instrument-2022-259/documents"}}