Section 1 - ASIC Corporations (Non-Reporting Entities) Instrument 2025/436 - ASIC Corporations (Non-Reporting Entities) Instrument 2025/436

1ASIC Corporations (Non-Reporting Entities) Instrument 2025/436

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ASIC Corporations (Non-Reporting Entities) Instrument 2025/436

I, Claire LaBouchardiere, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 19 September 2025

Claire LaBouchardiere

Contents

Part 1—Preliminary 3

1 Name of legislative instrument....................................3

2 Commencement...............................................3

3 Authority....................................................3

4 Simplified outline of this instrument...............................3

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

Part 2—Order 4

6 Relief for entities that are not reporting entities.......................4

Part 3—Repeal 5

7 Repeal.......................................................5

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Non-Reporting Entities) Instrument 2025/436.

2 Commencement

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

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

3 Authority

This instrument is made under subsection 341(1) of the Corporations Act 2001.

4 Simplified outline of this instrument

This instrument sets out an exemption from the financial reporting requirements under Part 2M.3 of the Act so that an entity that is not a reporting entity under the accounting standards can comply with the same recognition and measurement requirements in relation to a financial report that apply to reporting entities.

5 Definitions

In this instrument:

Act means the Corporations Act 2001.

measurement requirement means a requirement in an accounting standard that is relevant to working out the cost or other value to be attributed to an asset, liability, revenue, expense or other item that is covered by a recognition requirement.

recognition requirement means a requirement in an accounting standard that an asset, liability, revenue, expense or other item is to be expressly reported on, or incorporated in amounts expressly reported on, in a financial statement to which the standard relates.