Regulatory Alerts2013-11-15 | RG-160RG 160 Time-sharing schemes
The Australian Securities and Investments Commission issued this guide to regulate responsible entities, operators, promoters, and credit providers involved in time-sharing schemes. It outlines the regulator's general approach to enforcing the Corporations Act and exercising powers to modify the law for these specific financial products. The document serves as a compliance resource for all parties providing credit or assistance for the purchase of time-sharing interests.
Issued 11 December 2020
This guide is for responsible entities, operators and promoters of time-sharing schemes, and those who provide credit (credit providers) and credit assistance (credit assistance providers) for the purchase of an interest in a time-sharing scheme.
It explains our general approach to regulating time-sharing schemes under the Corporations Act, including exercising ASIC’s powers to modify the law.
Download RG 160 (PDF 815 KB)
Read the regulation impact statement
More about time-sharing schemes