1ASIC Corporations (Deposit Product Disclosure) Instrument 2025/509

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ASIC Corporations (Deposit Product Disclosure) Instrument 2025/509

I, Nathan Bourne, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 3 September 2025

Nathan Bourne

Contents

Part 1—Preliminary 3

1 Simplified outline of this legislative instrument......................3

2 Name of legislative instrument....................................3

3 Commencement...............................................3

4 Authority....................................................3

5 Definitions...................................................3

Part 2—Exemptions 4

6 Requirement to disclose interest rates in Product Disclosure Statements...4

7 Requirement to disclose termination values in periodic statements........4

Part 3—Repeal 4

8 Repeal.......................................................4

Part 1—Preliminary

1. Simplified outline of this legislative instrument

This instrument applies to issuers of deposit products and other regulated persons.

It exempts regulated persons from the requirement for a Product Disclosure Statement for a deposit product to specify the interest rate. The exemption applies in specified circumstances.

It also exempts issuers of deposit products from including the termination value in periodic statements.

2 Name of legislative instrument

This is the ASIC Corporations (Deposit Product Disclosure) Instrument 2025/509.

3 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislative Instruments.

Note: The register may be accessed at www.legislation.gov.au.

4 Authority

This instrument is made under paragraph 1020F(1)(a) of the Corporations Act 2001.

5 Definitions

In this instrument:

Act means the Corporations Act 2001.

Part 2—Exemptions

6 Requirement to disclose interest rates in Product Disclosure Statements

(1) A regulated person does not have to comply with Division 2 of Part 7.9 of the Act to the extent that it requires a Product Disclosure Statement in relation to a deposit product to specify the interest rate for the deposit product.