News in brief… 8 July 2025

ASIC consults on remaking financial reporting relief instruments; Productivity Commission finds US trade measures to have small impact on Australian production

ASIC consults on remaking financial reporting relief instruments The Australian Securities and Investments Commission (ASIC) is consulting on remaking five legislative instruments related to financial reporting relief that are scheduled to sunset on 1 October 2025. These five legislative instruments are: ASIC Corporations (Non-Reporting Entities) Instrument 2015/841 – allows non-reporting entities to prepare their financial statements using the concessions and transitional provisio...

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Published Date: 08 July 2025