Overview
ASIC has announced an increase to the minimum net tangible assets (NTA) requirement for responsible entities of registered managed investment schemes, IDPS operators, and corporate directors of retail CCIVs. The changes take effect on 1 July 2027.
Why the thresholds are changing
The NTA thresholds were last updated in June 2013. ASIC is lifting the thresholds to account for inflation up to March 2026. Annual indexation will also be introduced so the thresholds remain current on an ongoing basis.
What the changes include
- Increased minimum NTA thresholds applying from 1 July 2027.
- The thresholds applying from that date will already include the first annual indexation adjustment.
- Annual indexation is introduced to keep the thresholds current going forward.
Instruments and guidance being updated
ASIC will update the following in the coming months to reflect the new requirements:
- ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647
- Regulatory Guide 166
Key actions
- Check current NTA levels against the updated thresholds when ASIC publishes the amended ASIC Instrument 2023/647 and updated Regulatory Guide 166 - the changes commence 1 July 2027.
- Monitor asic.gov.au for the amended ASIC Instrument 2023/647 and updated Regulatory Guide 166, which ASIC states it will publish in the coming months.
- Review the Summary of Feedback to CP 388 and ASIC's response, available on the ASIC website, to understand how the final requirements were shaped.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.