ASIC REGULATION DISCLOSURE

Future regulation of employee entitlement schemes

In November 2025, ASIC announced its preferred approach to regulating operators of employee entitlement schemes, requiring ACIRT and other funds to obtain an Australian Financial Services (AFS) Licence and comply with managed investment provisions to strengthen governance and transparency.

In February 2026, ASIC released Information Sheet 295 outlining the new regulatory framework under the Corporations Act 2001, which takes effect from 1 April 2026. This includes transitional arrangements and the process for operators to apply for an AFS licence.

From 1 April, operators may rely on transitional relief if they meet the conditions set out in the legislative instrument. The transitional period remains in place until an operator obtains an AFS licence. All AFS licence applications must be lodged with ASIC by 1 September 2026.

Under ASIC’s disclosure requirements, ACIRT provides critical information on fund operations and member rights.

Two key policy documents now highlighted under this regulatory framework include:

ACIRT Complaints Management Policy – Website Version: Outlines a clear, accountable process for resolving member disputes fairly and promptly. Click here to download pdf.

ACIRT Employee Entitlements Scheme Important Information 1 April 2026: Details the secure management of redundancy funds, outlining how ACIRT operates and how member entitlements are protected and accessible. Click here to download pdf.

Please note: The ACIRT Conflicts of Interest Policy was updated with effect from 26 March 2026. The ACIRT Complaints Management Policy was updated with effect from 26 March 2026.