On 25 September, ASIC extended the relief to employee redundancy funds from the managed investment and associated provisions in the Corporations Act under ASIC Corporations (Employee redundancy funds relief) Instrument 2015/1150 by making instrument ASIC Corporations (Amendment) Instrument 2018/825.

ASIC states that the extension will allow for consideration of whether employee redundancy funds should continue to technically fall within the managed investment regime of the Corporations Act, particularly in light of proposed law reform to the Fair Work Act 2009(Cth) and Fair Work (Registered Organisations) Act 2009 (Cth) concerning these funds.