ASIC proposes to withdraw financial reporting relief for uncontactable members

[Newsroom](https://www.asic.gov.au/newsroom) PrintShare - [X Opens in new window](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-proposes-to-withdraw-financial-reporting-relief-for-uncontactable-members%2F&text=ASIC%20proposes%20to%20withdraw%20financial%20reporting%20relief%20for%20uncontactable%20members) - [Facebook Opens in new window](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-proposes-to-withdraw-financial-reporting-relief-for-uncontactable-members%2F) - [LinkedIn Opens in new window](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-proposes-to-withdraw-financial-reporting-relief-for-uncontactable-members%2F) - [Email Opens in new window](mailto:?subject=ASIC%20proposes%20to%20withdraw%20financial%20reporting%20relief%20for%20uncontactable%20members&body=An%20article%20from%20ASIC%3A%0D%0A%0D%0AASIC%20proposes%20to%20withdraw%20financial%20reporting%20relief%20for%20uncontactable%20members%0D%0A%0D%0Ahttps%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-proposes-to-withdraw-financial-reporting-relief-for-uncontactable-members%2F) ASIC is seeking feedback on its proposal to withdraw financial reporting relief for uncontactable members before it expires on 1 October 2026. We have assessed that [_ASIC Corporations (Uncontactable Members) Instrument 2016/187_](https://www.legislation.gov.au/F2016L01322/latest/text) is no longer being used due to changes in the _Corporations Act 2001_ (Corporations Act). Sections 110JA and 110F (4A) of the Corporations Act now provide similar relief where a member is uncontactable. Entities not covered by these requirements may need to apply to ASIC for individual relief aligned with Regulatory Guide 43: _Financial reporting and audit relief_ ( [RG 43](https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-43-financial-reporting-and-audit-relief/ "RG 43 Financial reporting and audit relief")) (if ASIC proceeds with our proposal to withdraw ASIC Instrument 2016/187). ## Providing feedback Stakeholders can send submissions with their feedback to [rri.consultation@asic.gov.au](mailto:rri.consultation@asic.gov.au) by **5pm AEST on Friday 17 July 2026**. ## Background [ASIC Instrument 2016/187](https://www.legislation.gov.au/F2016L01322/latest/text) provided relief to companies, registered schemes, disclosing entities and notified foreign passport funds from obligations to provide annual reports to a member if that member was uncontactable. ## Related links - [CS 55 _Proposed repeal financial reporting relief related to uncontactable members_](https://www.asic.gov.au/regulatory-resources/find-a-document/consultations/cs-55-proposed-repeal-of-financial-reporting-relief-related-to-uncontactable-members/ "CS 55 Proposed repeal of financial reporting relief related to uncontactable members") **ASIC is Australia’s corporate, markets and financial services regulator.** ## Topics [companies](https://www.asic.gov.au/newsroom/search/?tag=companies) [financial reporting](https://www.asic.gov.au/newsroom/search/?tag=financial%20reporting) [managed investment schemes](https://www.asic.gov.au/newsroom/search/?tag=managed%20investment%20schemes) [sustainable finance](https://www.asic.gov.au/newsroom/search/?tag=sustainable%20finance)