Commonwealth legislation

ASIC Corporations (Product Intervention Order Extension—Short Term Credit) Instrument 2023/956

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Commonwealth

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legislative instrument

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Keeps ASIC Corporations (Product Intervention Order—Short Term Credit) Instrument 2022/647 in force until it is revoked. Made under s1023H of the Corporations Act by an ASIC delegate with Ministerial approval, it commences the day after registration.

Affects short‑term credit providers and their customers by continuing the restrictions and compliance obligations set out in the 2022 order. Lenders therefore continue to bear compliance costs and ASIC retains the discretion to revoke the extended order.

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Current sections

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ASIC Corporations (Product Intervention Order Extension—Short Term Credit) Instrument 2023/956

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 title: DRAFT 2022 short term credit - Extension Instrument

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ASIC Corporations (Product Intervention Order Extension—Short Term Credit) Instrument 2023/956

I, Greg Yanco, delegate of the Australian Securities and Investments Commission, acting in accordance with the written approval of the Minister under subsection 1023H(4) of the Corporations Act 2001, make the following legislative instrument.

Date 21 December 2023

Greg Yanco

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

Part 2—Declaration

4 Terms of declaration

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Product Intervention Order Extension—Short Term Credit) Instrument 2023/956.

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 1023H(1) of the Corporations Act 2001.

Part 2—Declaration

4 Terms of declaration

ASIC Corporations (Product Intervention Order—Short Term Credit) Instrument 2022/647 remains in force until it is revoked.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 title: DRAFT 2022 short term credit - Extension Instrument

ASIC Corporations (Product Intervention Order Extension—Short Term Credit) Instrument 2023/956

Date 21 December 2023

Greg Yanco

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

Part 2—Declaration

4 Terms of declaration

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Product Intervention Order Extension—Short Term Credit) Instrument 2023/956.

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 1023H(1) of the Corporations Act 2001.

Part 2—Declaration

4 Terms of declaration

ASIC Corporations (Product Intervention Order—Short Term Credit) Instrument 2022/647 remains in force until it is revoked.