Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025
(F2025L00307)
7 March 2025
Corporations Act 2001; National Consumer Credit Protection Act 2009; Retirement Savings Accounts Act 1997; Superannuation Industry (Supervision) Act 1993
1 Name
This instrument is the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information |
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Column 1 |
Column 2 |
Column 3 |
Provisions |
Commencement |
Date/Details |
1. The whole of this instrument |
The day after this instrument is registered. |
8 March 2025 |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the following:
(a) the Corporations Act 2001;
(b) the National Consumer Credit Protection Act 2009;
(c) the Retirement Savings Accounts Act 1997;
(d) the Superannuation Industry (Supervision) Act 1993.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1 Miscellaneous and technical amendments
Part 1 Executive officer
Corporations Regulations 2001
1 Regulation 7.2.02 (heading)
Omit " executive officer ", substitute " senior manager ".
2 Subregulation 7.2.02(1)
Omit "executive officer", substitute "senior manager".
3 Regulation 7.2.03 (heading)
Omit " executive officer ", substitute " senior manager ".
4 Subregulation 7.2.03(1)
Omit "executive officer", substitute "senior manager".
5 Paragraph 7.2.03(2)(d)
Omit "executive officer", substitute "senior manager".
6 Subparagraphs 7.2.11(c)(iii) and (iv)
Omit "executive officer", substitute "senior manager".
7 Subparagraph 7.2.12(c)(iv)
Omit "executive officers", substitute "senior managers".
8 Subparagraph 7.2.14(f)(iii)
Omit "executive officer", substitute "senior manager".
9 Regulation 7.3.01 (heading)
10 Subregulation 7.3.01(1)
Omit "executive officer", substitute "senior manager".
11 Regulation 7.3.02 (heading)
Omit " executive officer ", substitute " senior manager ".
12 Subregulation 7.3.02(1)
Omit "executive officer", substitute "senior manager".
13 Paragraph 7.3.02(2)(d)
Omit "executive officer", substitute "senior manager".
14 Subparagraphs 7.3.10(c)(iii) and (iv)
Omit "executive officer", substitute "senior manager".
15 Subparagraph 7.3.11(c)(iv)
Omit "executive officers", substitute "senior managers".
16 Subparagraph 7.3.13(e)(iii)
Omit "executive officer", substitute "senior manager".
17 Paragraphs 7.4.02(1)(a) and 7.4.03(1)(a)
Omit "executive officers", substitute "senior managers".
18 Paragraph 7.5.04(3)(a)
Omit "executive officer", substitute "senior manager".
19 Form 509H of Schedule 2 (note 1)
Omit "executive officer", substitute "senior manager".
20 Subparagraphs 8302(d)(i) and (ii) of Schedule 8
Omit "executive officer", substitute "senior manager".
Part 2 Miscellaneous amendments of the Corporations Regulations 2001
Corporations Regulations 2001
21 Subregulation 1.0.03A(2) (notes)
Repeal the notes, substitute:
Note 1: The requirement in the Passport Rules need not use the word "lodge". For example, if the Passport Rules contain a requirement to notify ASIC of a matter or to provide a document to ASIC, this subregulation requires the notification or document to be in the prescribed form.
Note 2: Under section 350 of the Act, a document that the Act requires to be lodged with ASIC in a prescribed form must:
(a) if a form for the document is prescribed in these Regulations - be in that prescribed form; and
(b) if a form for the document is not prescribed in these Regulations but ASIC has approved a form for the document - be in that approved form.
22 Subparagraph 8A.5.10(4)(d)(i)
Omit "voluntarily", substitute "voluntary".
23 Part 10.18
Repeal the Part.
24 Part 10.25 (the Part 10.25 inserted by item 1 of Schedule 10 to the Treasury Laws Amendment (Fair and Sustainable Superannuation) Regulations 2017)
Renumber as Part 10.25A.
25 Item 211 of Schedule 10 (note)
Omit "*".
Part 3 Updating references to State and Territory legislation
National Consumer Credit Protection Regulations 2010
26 Paragraphs 21(5)(a), (b) and (c)
Repeal the paragraphs, substitute:
(a) the Fair Trading Act 1987 (NSW);
(b) the Australian Consumer Law and Fair Trading Act 2012 (Vic.);
(c) the Debt Collectors (Field Agents and Collection Agents) Act 2014 (Qld);
27 Paragraph 21(5)(e)
Omit "Agents", substitute "Industry".
28 Paragraph 21(5)(f)
Omit "(Tas)", substitute "(Tas.)".
29 Paragraph 21(5)(g)
After "Commercial and Private Agents Licensing Act", insert "1979".
Part 4 Disability requirements
Retirement Savings Accounts Regulations 1997
30 Subregulation 4.24(3) (note)
Repeal the note.
31 Sub-subparagraph 4.24(3A)(b)(ii)(B)
Repeal the sub-subparagraph, substitute:
(B) is a person with disability to whom subregulation (3C) applies.
32 Subregulation 4.24(3B)
Omit all the words from and including "has a disability" to and including "paragraph (a) or (b)", substitute "is a person with disability to whom subregulation (3C) applies on the day that would otherwise be applicable under paragraph (a) or (b) of this subregulation".
33 After subregulation 4.24(3B)
Insert:
(3C) This subregulation applies to a person with disability that:
(a) is attributable to an intellectual, psychiatric, sensory or physical impairment or a combination of such impairments; and
(b) is permanent or likely to be permanent; and
(c) results in:
(i) a substantially reduced capacity of the person for communication, learning or mobility; and
(ii) the need for ongoing support services.
34 At the end of regulation 4.24
Add:
(5) In this regulation:
service includes a service consisting of the supplying of goods, whether or not accompanied by the provision of other services.
35 In the appropriate position in Part 7
Insert:
7.15 Amendments made by the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025
(1) The amendment of subregulation 4.24(3A) made by Part 4 of Schedule 1 to the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025 applies if the RSA holder died or dies on or after 1 January 2024.
(2) The amendment of subregulation 4.24(3B) made by Part 4 of Schedule 1 to the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025 applies if the earlier of the days mentioned in paragraphs 4.24(3B)(a) and (b) occurred or occurs on or after 1 January 2024.
Superannuation Industry (Supervision) Regulations 1994
36 Sub-subparagraph 6.21(2A)(b)(ii)(B)
Repeal the sub-subparagraph, substitute:
(B) is a person with disability to whom subregulation (2C) applies.
37 Subregulation 6.21(2B)
Omit all the words from and including "has a disability" to and including "paragraph (2B)(a) or (b)", substitute "is a person with disability to whom subregulation (2C) applies on the day that would otherwise be applicable under paragraph (a) or (b) of this subregulation".
38 After subregulation 6.21(2B)
Insert:
(2C) This subregulation applies to a person with disability that:
(a) is attributable to an intellectual, psychiatric, sensory or physical impairment or a combination of such impairments; and
(b) is permanent or likely to be permanent; and
(c) results in:
(i) a substantially reduced capacity of the person for communication, learning or mobility; and
(ii) the need for ongoing support services.
39 At the end of regulation 6.21
Add:
(4) In this regulation:
service includes a service consisting of the supplying of goods, whether or not accompanied by the provision of other services.
40 In the appropriate position in Part 14
Insert:
Division 14.37 - Transitional arrangements arising out of the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025
14.39 Amendments made by the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025
(1) The amendment of subregulation 6.21(2A) made by Part 4 of Schedule 1 to the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025 applies if the member died or dies on or after 1 January 2024.
(2) The amendment of subregulation 6.21(2B) made by Part 4 of Schedule 1 to the Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2025 applies if the earlier of the days mentioned in paragraphs 6.21(2B)(a) and (b) occurred or occurs on or after 1 January 2024.
Part 5 References to repealed provisions
Retirement Savings Accounts Regulations 1997
41 Subregulation 4.23A(2) (note)
Repeal the note.
Superannuation Industry (Supervision) Regulations 1994
42 Subregulation 6.20A(2) (note)
Repeal the note.
43 Subregulation 6.20B(2) (note)
Repeal the note.
44 Subregulation 6.24A(2) (note)
Repeal the note.