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AFSL holders: ASIC announces temporary no-action position for leases

On 7 July 2020, ASIC issued a temporary no-action position to allow right-of-use lease assets to count in satisfying AFSL compliance requirements. The new lease standard is effective for the first time in 2020 for June year-end companies.  The change can significantly increase right-of-use assets and lease liabilities for lessees. ASIC had previously stated that […]