{"id":"F2026L00042","name":"ASIC Corporations (Unclaimed Compulsory Acquisition Consideration) Instrument 2026/4","slug":"asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":107642,"registerId":"commonwealth-F2026L00042-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Unclaimed Compulsory Acquisition Consideration) Instrument 2026/4","content":"![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Unclaimed Compulsory Acquisition Consideration) Instrument 2026/4\n\nI, Lisa Rees, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate 22 January 2026\n\nLisa Rees\n\nContents\n\nPart 1—Preliminary 3\n\n1 Name of legislative instrument....................................3\n\n2 Commencement...............................................3\n\n3 Authority....................................................3\n\n4 Definitions...................................................3\n\n5 Simplified outline of this instrument...............................3\n\nPart 2—Declaration 4\n\n6 Unclaimed compulsory acquisition consideration.....................4\n\nPart 3—Repeal 5\n\n7 Repeal……………….……………………………………………………………… 5\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Unclaimed Compulsory Acquisition Consideration) Instrument 2026/4.\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 669(1)(b) of the Corporations Act 2001.\n\n4 Definitions\n\nIn this instrument:\n\nAct means the Corporations Act 2001.\n\n5 Simplified outline of this instrument\n\nThe Act requires companies that have been paid consideration in respect of compulsorily acquired securities to maintain certain records and publish them in the Gazette. These include records of the people who are entitled to the consideration.\n\nThis instrument modifies the Act so that the records published in the Gazette will not include the street name or number of any address in the records.\n\n  \n\nPart 2—Declaration\n\n6 Unclaimed compulsory acquisition consideration\n\nChapter 6A of the Act applies to all persons as if subsection 668A(4) were modified or varied by, after “December”, inserting “, but without including the street name or number of any address in the records”.\n\n  \n\nPart 3—Repeal\n\n7 Repeal\n\nThis instrument is repealed at the start of 1 April 2031.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the narrow, technical function suggested by its title — modifying Gazette publication requirements for unclaimed compulsory acquisition consideration. There is no scope creep; it addresses a specific privacy concern without expanding into broader corporate governance matters."},"complexity_factors":["Very short instrument (7 sections, approximately 1 page)","Only 1 defined term ('Act')","Single substantive modification using a standard 'apply as if' formula","No nested exceptions or conditional logic","Automatic sunset clause (self-repealing provision) in Part 3","Minimal cross-referencing (only to Corporations Act section 669(1)(b) and section 668A(4))"],"plain_english_summary":"This instrument stops companies from publishing street names and numbers when listing people owed unclaimed compulsory-acquisition consideration in the Gazette, keeping names and suburb-level details instead. It affects companies holding such funds, the shareholders owed the money, and the public searching the Gazette.\n\nThe change is a temporary privacy measure to reduce risks like identity theft or stalking while preserving claimability; it expires on 1 April 2031."},"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":2,"scope_assessment":{"changed":true,"description":"This instrument narrows the scope of information published under Chapter 6A by excluding street names and numbers from Gazette-published records of unclaimed compulsory acquisition consideration (Part 2, section 6). It does not change who is entitled to consideration or the requirement to publish records generally, but it reduces the detail publicly disclosed and imposes a redaction/verification step on the publishing process; the modification is temporary (repeal at 1 April 2031, Part 3, section 7)."},"complexity_factors":["Narrow textual amendment to subsection 668A(4) via this instrument (Part 2, section 6) — limited legal drafting complexity.","Made by delegated instrument under paragraph 669(1)(b) of the Corporations Act (Part 1, section 3) — requires checking delegation limits.","Operational compliance: parties who publish Gazette records must ensure address redaction — an administrative step with modest burden.","Temporal sunset: repeal at start of 1 April 2031 (Part 3, section 7) adds planning considerations for affected entities.","Cross-reference to Chapter 6A of the Corporations Act requires users to consult the primary Act to understand residual disclosure obligations."],"plain_english_summary":"This instrument changes what address details appear in Gazette records about unclaimed compulsory acquisition consideration: street names and numbers must be omitted. It affects companies that handle compulsory acquisition payments and the people entitled to that money, because less address detail will be publicly disclosed.\n\nMechanically, it requires the publishing process to exclude street name/number information (so companies or ASIC must ensure records are redacted accordingly) and the change lapses on 1 April 2031."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4","history":"/api/acts/asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4/history","analysis":"/api/acts/asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4/analysis","conflicts":"/api/acts/asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4/conflicts","importantCases":"/api/acts/asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4/important-cases","documents":"/api/acts/asic-corporations-unclaimed-compulsory-acquisition-consideration-instrument-2026-4/documents"}}