made under subsections 655A(1) and 673(1) of the Corporations Act 2001.Compilation No.1Compilation date:07/07/2026Includes amendments:F2026L00920About this compilationThis compilationThis is a compilation of the ASIC Corporations (IDPS—Relevant Interests) Instrument 2026/100 that shows the text of the law as amended and in force on 07/07/2026 (the compilation date).The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.Uncommenced amendmentsThe effect of uncommenced amendments is not shown in the text of the compiled law. The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au).Application, saving and transitional provisionsIf the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.ModificationsIf the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. Any modifications affecting the law are accessible on the Register.Self-repealing provisionsIf a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.ContentsPart 1—Preliminary1 Name of legislative instrument3 Authority5 Simplified outline of this instrument6 DefinitionsPart 2—Declaration7 Relevant interests and operators of IDPSsPart 3—Repeal8 RepealEndnotesEndnote 1—About the endnotesEndnote 2—Abbreviation keyEndnote 3—Legislation historyEndnote 4—Amendment history
This instrument modifies section 609 of the Act so that an operator of an investor directed portfolio service (also known as an IDPS) or a financial services licensee or their representative involved in the operation of an IDPS do not have a relevant interest in securities held through the IDPS merely because they hold the securities or have a discretion in relation to their disposal.
Chapters 6 and 6C of the Act apply to all persons as if section 609 of the Act were modified or varied by inserting, after subsection (8):“IDPS operators(8A) A person does not have a relevant interest in securities merely because the person:(a) is the operator of an IDPS; or(b) is involved in the operation of an IDPS and is a financial services licensee or a representative of a financial services licensee;and under the terms of the IDPS:(c) holds the securities; or(d) has a discretion in relation to the disposal of the securities.(8B) In subsection (8A), IDPS and operator have the same meaning as in subsection 912ADG(1).Note: Notional subsection 912ADG(1) is inserted byASIC Corporations (Platforms—IDPSs and IDPS-like Schemes) Instrument 2026/395.”.
The endnotes provide information about this compilation and the compiled law.The following endnotes are included in every compilation:Endnote 1—About the endnotesEndnote 2—Abbreviation keyEndnote 3—Legislation historyEndnote 4—Amendment historyAbbreviation key—Endnote 2The abbreviation key sets out abbreviations that may be used in the endnotes.Legislation history and amendment history—Endnotes 3 and 4Amending laws are annotated in the legislation history and amendment history.The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.Misdescribed amendmentsA misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.
Provision affected | How affectedSection 2Section 4rep. LA s 48Drep. LA s 48CSection 7 (notional subsection 609(8B)) | am. 2026/564Section 7 (note to notional subsection 609(8B)Schedule 1rs. 2026/564rep. LA s 48C