ASIC’s 31-Day Notice Relief Extended: What Sophisticated Investors Should Know
In a move that underscores the regulator’s continued efforts to support both depositor flexibility and systemic stability, the Australian Securities & Investments Commission (ASIC) has formally extended its long-standing relief on 31-day notice term deposits via Instrument 2025/172 , effective from March 28, 2025. This legislative remaking ensures that term deposits with a 31-day notice period retain their classification as “basic deposit products” —a key designation that directly impacts how they’re marketed, managed, and disclosed to investors. For sophisticated and wholesale investors, particularly those managing Self-Managed Superannuation Funds (SMSFs), this is not just a regulatory footnote—it’s a material change to how short-duration liquidity can be planned within fixed income strategies. What Is the 31-Day Notice Period—and Why Does It Matter? Traditionally, term deposits offer locked-in capital protection and guaranteed interest payments , with fixed terms ranging from ...