ASIC Corporations (Financial Reporting: Natural Person Licensees) Instrument 2017/307 (Cth)

ASIC Corporations (Financial Reporting: Natural Person Licensees) Instrument 2017/307 I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument. Date: 5 April 2017

Stephen Yen

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Exemption 5 Requirement to prepare a profit and loss statement

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Financial Reporting: Natural Person Licensees) Instrument 2017/307.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under paragraph 992B(1)(a) of Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001.

Part 2—Exemption

5 Requirement to prepare a profit and loss statement A financial services licensee who is a natural person does not have to comply with subsection 989B(1) of the Act to the extent that the licensee is required to include in a profit and loss statement any revenues and expenses that do not relate to a financial services business carried on by the licensee.