On 14 September, ASIC made ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751, which ASIC states is to remake [CO 08/1] which was due to expire with the only substantive change being that the new instrument expressly extends the class relief to holders of ‘limited licences’.

According to the Explanatory Statement, the purpose of the instrument is to preserve the effect of [CO 08/1], pending a future more detailed ASIC review of the policy settings for the exemptions, and to reinstate the exemptions in relation to accountants who are limited licensees.