{"id":"F2025L01045","name":"ASIC Corporations (Repeal) Instrument 2025/518","slug":"asic-corporations-repeal-instrument-2025-518","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":106777,"registerId":"commonwealth-F2025L01045-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2025/518","content":"![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Repeal) Instrument 2025/518\n\nI, Nathan Bourne, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate 3 September 2025\n\nNathan Bourne\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\nSchedule 1—Repeals 4\n\nASIC Corporations (Deposit Product Disclosure) Instrument 2015/683......4\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Repeal) Instrument 2025/518.\n\n2 Commencement\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislation.\n\n> Note: The register may be accessed at www.legislation.gov.au.\n\n3 Authority\n\nThis instrument is made under paragraph 1020F(1)(a) of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in the Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its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\nSchedule 1—Repeals\n\nASIC Corporations (Deposit Product Disclosure) Instrument 2015/683\n\n1 The whole of the instrument\n\nRepeal the instrument.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1576},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly its stated function of repealing the 2015 Deposit Product Disclosure Instrument. There is no evidence of scope expansion beyond the original intent to remove outdated regulatory requirements."},"complexity_factors":["Single operation: repeals only one other instrument","No defined terms or interpretation section","No conditional provisions, exceptions, or cross-references","Total length under 10 provisions"],"plain_english_summary":"This instrument repeals ASIC’s 2015 deposit product disclosure rule, removing that specific disclosure requirement for banks, credit unions and similar institutions. \n\nConsumers may see changes in how savings accounts and term deposits are presented, but existing consumer protections and other disclosure obligations under the Corporations Act remain in force."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2025-518","history":"/api/acts/asic-corporations-repeal-instrument-2025-518/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2025-518/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2025-518/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2025-518/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2025-518/documents"}}