SYDNEY – [26/11/25] – The Australian Construction Industry Redundancy Trust (ACIRT) today welcomed the findings announced by the Australian Securities and Investments Commission (ASIC) regarding the future regulation of employee entitlement schemes under the Corporations Act 2001.
The ASIC ruling requires operators of redundancy funds, like ACIRT, to obtain an Australian Financial Services (AFS) Licence and comply with managed investment provisions, introducing new standards of governance and transparency across the sector.
ACIRT confirms its commitment to meeting all new regulatory requirements.
Regulation Supports Founding Principles
ACIRT was founded over 30 years ago on the core principle that members must be the main beneficiaries of the funds held in trust, built on a foundation of trust, reliability, and transparency.
Dascia Bennett, ACIRT General Manager, commented: “ACIRT welcomes the findings announced by ASIC. This decision ensures that every entity operating in our sector is held to the highest standards of governance and disclosure. For ACIRT, this ruling reinforces the way we have always operated. We were established to protect and benefit our members, and compliance with ASIC’s framework is absolutely in their best interests.”
“This ruling gives our 95,000 members and 1,700 employers the external assurance that the fund they rely on is robustly regulated. Our foundation is trust, and this new oversight will only strengthen our position as the most trusted redundancy safety net,” Ms. Bennett added.
Path to Full Compliance
ASIC has established transitional arrangements, granting ACIRT until September 1, 2026, to apply for the AFS licence.
ACIRT will utilise this period to work in close cooperation with ASIC, ensuring a smooth transition to full compliance without disruption to member services or entitlements.
ACIRT remains committed to providing essential financial security and continuing its 30-year tradition of maximizing returns directly to its members.