Response to Consultation on ASIC CP357 – Remaking Relief for Business Introduction Services
The submission to the Australian Securities and Investments Commission (ASIC) in response to CP357 was prepared by the Corporations Committee of the Business Law Section.
For the reasons set out below, the Committee:
- Supports the relief being continued, but without allowing the relief for Chapter 6D (or 2L) to sunset in April 2022 unless there is sufficient evidence that aspect of the relief is not being relied on in any substantial manner.
- Supports the terms of the relief being continued for scheme interests and for the terms of the relief to cover the proposed design and distribution obligations.
You can read the full submission below.
Last Updated on 24/02/2022
Share
Tags
Most recent items in Business Law Section
Business Law Section
Amendments to the Family Trust Election Provisions
Business Law Section
Competition and Consumer Amendment (Unfair Trading Practices) Bill 2026
Business Law Section
Proposed guidance on ASIC’s power to appoint reviewing liquidators
Trending Items in Business Law Section
Business Law Section
Forsyth/Pose Scholarship
Business Law Section
Santow Scholarship
Business Law Section