Law Council of Australia

Business Law Section

Consultation Statement 16 Reportable Situations – Additional Relief (CS 16)

Submission Date: 7 March 2025

This submission is made by the Financial Services Committee of the Business Law Section of the Law Council of Australia (the Committee) and relates to CS 16, which the Australian Securities and Investments Commission (ASIC) released for consultation on 18 February 2025.

Together with CS 16, ASIC has released a draft instrument, the ASIC Corporations and Credit (Breach Reporting—Reportable Situations) Instrument 2025/XX (the Draft Instrument).

The Committee has provided a feedback on CS 16 and the Draft Instrument.

Read the full submission below.

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Last Updated on 30/04/2025

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