{"id":"F2023L01739","name":"ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941","slug":"asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105044,"registerId":"commonwealth-F2023L01739-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941","content":"![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941\n\nmade under subsection 328(1) of the Superannuation Industry (Supervision) Act 1993\n\nCompilation No. 1\n\nCompilation date: 20/11/2025\n\nIncludes amendments up to: F2025L01391\n\nAbout this compilation\n\nThis compilation\n\nThis is a compilation of the ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941 that shows the text of the law as amended and in force on 20/11/2025 (the compilation date).\n\nThe notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.\n\nUncommenced amendments\n\nThe effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.\n\nApplication, saving and transitional provisions for provisions and amendments\n\nIf the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.\n\nModifications\n\nIf the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.\n\nSelf‑repealing provisions\n\nIf a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.\n\nContents\n\n[Part 1—Preliminary](#_Toc215482996)\n\n[1 Name of legislative instrument](#_Toc215482997)\n\n[3 Authority](#_Toc215482998)\n\n[4 Definitions](#_Toc215482999)\n\n[Part 2—Exemption](#_Toc215483000)\n\n[5 Obligation to give consistent information](#_Toc215483001)\n\n[Part 3—Repeal](#_Toc215483002)\n\n[6 Repeal](#_Toc215483003)\n\n[Endnotes](#_Toc215483004)\n\n[Endnote 1—About the endnotes](#_Toc215483005)\n\n[Endnote 2—Abbreviation key](#_Toc215483006)\n\n[Endnote 3—Legislation history](#_Toc215483007)\n\n[Endnote 4—Amendment history](#_Toc215483008)\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941.\n\n3 Authority\n\nThis instrument is made under subsection 328(1) of the Superannuation Industry (Supervision) Act 1993.\n\n4 Definitions\n\nIn this instrument:\n\nAct means the Superannuation Industry (Supervision) Act 1993.\n\nPart 2—Exemption\n\n5 Obligation to give consistent information\n\nAn RSE licensee does not have to comply with subsection 29QC(1) of the Act before 1 January 2029.\n\nPart 3—Repeal\n\n6 Repeal\n\nThis instrument is repealed at the start of 1 January 2029.\n\nEndnotes\n\nEndnote 1—About the endnotes\n\n> Note: The endnotes provide information about this compilation and the compiled law.\n\n> Note: The following endnotes are included in every compilation:\n\n> Note: Endnote 1—About the endnotes\n\n> Note: Endnote 2—Abbreviation key\n\n> Note: Endnote 3—Legislation history\n\n> Note: Endnote 4—Amendment history\n\n> Note: Abbreviation key—Endnote 2\n\n> Note: The abbreviation key sets out abbreviations that may be used in the endnotes.\n\n> Note: Legislation history and amendment history—Endnotes 3 and 4\n\n> Note: Amending laws are annotated in the legislation history and amendment history.\n\n> Note: The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.\n\n> Note: The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.\n\n> Note: Misdescribed amendments\n\n> Note: A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.\n\n> Note: If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.\n\nEndnote 2—Abbreviation key\n\n| ad = added or inserted                         | orig = original                     |\n| ---------------------------------------------- | ----------------------------------- |\n| am = amended                                   | par = paragraph(s)/subparagraph(s)  |\n| amdt = amendment                               | /sub‑subparagraph(s)                |\n| c = clause(s)                                  | pres = present                      |\n| C[x] = Compilation No. x                       | prev = previous                     |\n| Ch = Chapter(s)                                | (prev…) = previously                |\n| def = definition(s)                            | Pt = Part(s)                        |\n| Dict = Dictionary                              | r = regulation(s)/rule(s)           |\n| disallowed = disallowed by Parliament          | reloc = relocated                   |\n| Div = Division(s)                              | renum = renumbered                  |\n| exp = expires/expired or ceases/ceased to have | rep = repealed                      |\n| Effect                                         | rs = repealed and substituted       |\n| F = Federal Register of Legislation            | s = section(s)/subsection(s)        |\n| gaz = gazette                                  | Sch = Schedule(s)                   |\n| LA = Legislation Act 2003                      | Sdiv = Subdivision(s)               |\n| LIA = Legislative Instruments Act 2003         | SLI = Select Legislative Instrument |\n| (md not incorp) = misdescribed amendment       | SR = Statutory Rules                |\n| cannot be given effect                         | Sub‑Ch = Sub‑Chapter(s)             |\n| mod = modified/modification                    | SubPt = Subpart(s)                  |\n| No. = Number(s)                                | underlining = whole or part not     |\n| o = order(s)                                   | commenced or to be commenced        |\n| Ord = Ordinance                                |                                     |\n\nEndnote 3—Legislation history\n\n| Name                                                                                       | Registration                       | Commencement     | Application, saving and transitional provisions |\n| ------------------------------------------------------------------------------------------ | ---------------------------------- | ---------------- | ----------------------------------------------- |\n| ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941 | 21 December 2023 (see F2023L01739) | 22 December 2023 |                                                 |\n| ASIC Superannuation (Amendment) Instrument 2025/449                                        | 19 November 2025 (see F2025L01391) | 20 November 2025 |                                                 |\n\nEndnote 4—Amendment history\n\n| Provision affected | How affected |\n| ------------------ | ------------ |\n| Section 2          | rep s 48D LA |\n| Section 5          | am 2025/449  |\n| Section 6          | am 2025/449  |","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument remains tightly scoped to its original purpose: providing a time-limited exemption from subsection 29QC(1) of the SIS Act. The 2025 amendment merely extended the sunset date from the original deadline to 1 January 2029, without expanding the substantive scope or adding new obligations."},"complexity_factors":["Extremely short: only 6 operative sections, with 2 being purely administrative (name and authority)","Only 1 defined term ('Act') in the interpretation section","Single substantive provision (section 5) containing a straightforward exemption with a clear sunset date","No cross-references except to the enabling legislation (SIS Act)","No conditional logic, exceptions, or nested provisions","Self-repealing mechanism is simple and date-certain"],"plain_english_summary":"ASIC grants RSE licensees a temporary exemption from the “consistent information” obligation, so super funds need not ensure consistency across regulator reporting until 1 January 2029. The instrument automatically lapses then.\n\nIt delays a transparency/anti-misleading requirement that affects fund members’ reporting and disclosures, effectively postponing enforcement of consistency rules for several years."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"Yes. Endnotes 3 and 4 record that sections 5 and 6 were amended by ASIC Superannuation (Amendment) Instrument 2025/449 (registered 19 November 2025; commenced 20 November 2025). Those amendments altered the instrument’s exemption and repeal provisions, changing its temporal scope (see s 5 and s 6 and Endnotes 3–4)."},"complexity_factors":["Single, narrow operative effect — one exemption clause (s 5) and an automatic repeal clause (s 6) limit substantive content.","Temporal limitation — the exemption is time‑bound to before 1 January 2029 (s 5) and the instrument is repealed at the start of 1 January 2029 (s 6).","Cross‑reference to external duty — it defers compliance with subsection 29QC(1) of the Superannuation Industry (Supervision) Act 1993, so understanding full effect requires consulting that external provision (s 5).","Targeted application — applies specifically to RSE licensees (s 5), narrowing who is affected.","Amendment history — sections 5 and 6 were amended by ASIC Superannuation (Amendment) Instrument 2025/449 (see Endnotes 3 and 4), so the instrument’s timing/scope has been modified since original registration.","Limited transitional detail — no transitional or saving clauses are included in the instrument text, which may leave implementation or enforcement details to be clarified elsewhere."],"plain_english_summary":"This instrument temporarily relieves regulated superannuation entity (RSE) licensees from having to comply with subsection 29QC(1) of the Superannuation Industry (Supervision) Act 1993 until 1 January 2029 and repeals itself at the start of that date. It therefore shifts the timing of a specific disclosure/reporting obligation for RSE licensees, deferring the compliance duty and any associated costs or administrative steps until the exemption expires."},"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"}},"importantCases":[],"_links":{"self":"/api/acts/asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941","history":"/api/acts/asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941/history","analysis":"/api/acts/asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941/analysis","conflicts":"/api/acts/asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941/conflicts","importantCases":"/api/acts/asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941/important-cases","documents":"/api/acts/asic-superannuation-disclosure-and-reporting-consistency-obligations-instrument-2023-941/documents"}}