18. November 2010 16:37
The Australian Securities and Investments Commission Amendment Regulations 2010 (No 4) were registered on 18 November 2010, and commence on 1 January 2011.
The amending regulations amend the Australian Securities and Investments Commission Regulations 2001 to prescribe informational requirements for invoices that, if complied with, would allow a person to avoid the presumption that they have asserted a right to payment. The amendments also provide recipients of requests for payment for unsolicited financial services with information that limits the scope for confusion about obligations to pay other people money in response to documents that assert a right to payment.
The amending regulations will insert new regs 2E and 2F.