Consultation Statement 21 Proposed Remake of Deposit Product Disclosure Relief Instrument (CS 21)
Submission Date: 4 August 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 21, which the Australian Securities and Investments Commission (ASIC) released for consultation on 3 July 2025.
Background
ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683 (the Instrument) is due to sunset on 1 October 2025.
The Instrument exempts deposit products from the obligations to disclose interest rates in a product disclosure statement and termination values in a periodic statement.
ASIC has assessed that the Instrument is operating effectively and efficiently and continues to form a necessary and useful part of the legislative framework.
Last Updated on 11/11/2025
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