Document ID: chunk:federal_register_of_legislation:F2017L00392:body:0
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ASIC Corporations (Financial Reporting: Natural Person Licensees) Instrument 2017/307
I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.
Date: 5 April 2017

Stephen Yen

Contents

Part 1—Preliminary
1 Name of legislative instrument
2 Commencement
3 Authority
4 Definitions
Part 2—Exemption
5 Requirement to prepare a profit and loss statement

Part 1—Preliminary

1 Name of legislative instrument
This is the ASIC Corporations (Financial Reporting: Natural Person Licensees) Instrument 2017/307.

2 Commencement
This instrument commences on the day after it is registered on the Federal Register of Legislation.
Note: The register may be accessed at www.legislation.gov.au.

3 Authority
This instrument is made under paragraph 992B(1)(a) of Corporations Act 2001.

4 Definitions
In this instrument:
Act means the Corporations Act 2001.

Part 2—Exemption

5 Requirement to prepare a profit and loss statement
 A financial services licensee who is a natural person does not have to comply with subsection 989B(1) of the Act to the extent that the licensee is required to include in a profit and loss statement any revenues and expenses that do not relate to a financial services business carried on by the licensee.