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Australia- Net Tangible Asset Requirement Set to Increase for Responsible Entities
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Recent Contributors to The National Law Review
Since 2013, the minimum financial thresholds have not been updated.
Stakeholders and respondents to CP 388 largely supported Option 1, being an increase of the financial thresholds in line with inflation.
The NTA minimum will also be indexed annually to ensure the thresholds remain in line with inflation.
Next stepsOver the upcoming months, ASIC will update ASIC Instrument 2023/647 and Regulatory Guide 166: AFS Licensing Financial Requirements to reflect the amendments.
If you are impacted by these changes, you will need to ensure that you meet the new minimum thresholds by 1 July 2027.