ASIC has made the legislative instrument that will increase net-tangible-asset requirements for responsible entities of registered schemes from 1 July 2027. The same framework applies to investor-directed portfolio service operators and corporate directors of retail corporate collective investment vehicles.[1]
Published threshold changes
| Requirement | Current amount | New base amount |
|---|---|---|
| Lower NTA minimum | A$150,000 | A$200,000 |
| Higher NTA minimum | A$500,000 | A$700,000 |
| Concessional NTA cap | A$5 million | A$7 million |
| Non-concessional NTA minimum | A$10 million | A$14 million |
The policy is designed to restore values that had not been updated for inflation since 2013. Annual indexation then prevents the same erosion from accumulating again.[2][4]
Capital requirements and implementation
NTA requirements support operational capacity and provide a financial buffer. They do not guarantee investor assets, replace custody controls or establish that every operator can absorb all losses arising from a scheme failure.
Affected firms need to forecast the operative indexed amount, not merely the rounded base figures. Capital planning may also need to consider cash-or-cash-equivalent components and the calculation method tied to scheme assets.[3]
For platforms and fund operators, the practical work includes updating forecasts, board reporting and licence-condition monitoring before July 2027. The change is final at instrument level, unlike the earlier consultation; implementation and annual publication of updated thresholds are the next steps.[1]
Sources & further reading
- ASIC makes instrument to increase net tangible assets requirement Australian Securities and Investments Commission · 21 Oct 2026 · Accessed 30 Oct 2026
- ASIC announces changes to NTA requirement Australian Securities and Investments Commission · 30 Jul 2026 · Accessed 30 Oct 2026
- ASIC increases NTA requirements for responsible entities and other fund operators Gilbert + Tobin · 19 Oct 2026 · Accessed 30 Oct 2026
- ASIC regulatory tracker 2026 Australian Securities and Investments Commission · 21 Oct 2026 · Accessed 22 Oct 2026