Regulatory Updates

No doubt you will be aware of the alarming number of high-profile Federal Court proceedings commenced this year that deal …

CS 30 Proposed extension of stablecoin distribution exemption. ASIC is proposing to make ASIC Instrument 2025/XXX, which would …

ASIC Chair Joe Longo addresses the Senate Economics Legislation Committee

Mr Longo appeared at the Supplementary Budget Estimates hearing on …

The Australian Government is proposing new powers for AUSTRAC to tackle emerging money laundering threats by allowing the AUSTRAC CEO …

AUSTRAC released new guidance to help businesses prepare for significant upcoming changes to the AML/CTF regime. This includes support for …

As noted in last month’s T-REX, AFCA will now update the Datacube on a monthly basis, rather than updating it …

The Director of Public Prosecutions brought charges against Phillip Bird and Daniel Holmes for offences relating to Sheffield Insurance Pty …

ASIC has issued interim stop orders on the Product Disclosure Statements for two classes of units in the TruePillars Investment …

The Federal Court ordered Australian Clinical Labs to pay $5.8 million in civil penalties after a February 2022 data breach …

ASIC has called on financial services entities to urgently strengthen governance and risk management after a targeted review revealed serious …

ASIC released its 2024-25 Annual Report on 8 October 2025, which summarised the regulator’s activities over the previous financial year. …

ASIC commenced civil penalty proceedings against Fiducian Investment Management Services Limited, which is the responsible entity for the Diversified Social …

On 14 October 2025, ASIC Commissioner Alan Kirkland spoke at the Credit Law 2025 Conference. In his speech, Mr Kirkland …

The Federal Court ordered RAMS Financial Group Pty Ltd to pay $20 million in civil penalties for compliance failures in …

The Federal Court dismissed ASIC’s case against Keith Cohen, former director of various companies within the Freedom Insurance group of …

ASIC raised serious concerns about the quality and urgency of retirement communications provided by superannuation trustees. According to ASIC Report …

ASIC Commissioner Alan Kirkland called on the insurance industry to rebuild trust with the Australian community after “a challenging period …

ASIC has remade its relief instrument for managed investment product consideration, providing ongoing regulatory certainty for responsible entities of managed …

ASIC issued an urgent reminder to financial advisers and their licensees to update adviser qualifications on the Financial Advisers Register …

On 9 October 2025, Treasury released exposure draft legislation for the first stage of regulatory reforms for payment services providers, …

ASIC released Report 816 Accounting for your super: ASIC's review into the financial reporting and audit of super funds, …

ASIC issued two infringement notices totalling $37,560 to Retail Employees Superannuation Pty Ltd, after the fund made false or misleading …

ASIC banned Timothy Archibald, former Lighthouse Partners Pty Ltd adviser and director, from providing financial services for 10 years after …

This month, ASIC cancelled the following AFS licences:

• Lief Pty Ltd, for failing to hold AFCA membership
• Velos Global …

ASIC has finally released the final updated version of Information Sheet 225 (“INFO 225”).

In Australia, digital assets (e.g. tokens, …

See Bills introduced to Parliament, or exposure draft legislation released for consultation.

Imagine: Major news outlets have just published damaging allegations of serious and systemic misconduct by your business, potentially resulting in …

CS 26 Proposed update to ASIC’s guidance on Approval of financial services sector codes of conduct. ASIC is inviting feedback …

Updates to INFO Sheet 292 FAQs

ASIC has made updates to INFO Sheet 292 FAQs: Informed consents for insurance commissions. …

As part of National Child Protection Week, AUSTRAC has urged all financial services providers to remain vigilant in detecting transactions …

Finally! The new Anti-Money Laundering and Counter-Terrorism Financing Rules 2025 were tabled in Parliament, which will take effect in stages: …

AUSTRAC issued a $187,800 infringement notice to Revolut Payments Australia Pty Ltd for failing to report international funds transfer instructions …

AFCA is consulting on two proposed life insurance related Approach documents. The first proposed Approach relates to the duty to …

AFCA has released two lead determinations in relation to the March 2023 Latitude cyber-attack which saw the theft of personal …

Parliament passed the Treasury Laws Amendment (Payment Systems Modernisation) Bill 2025 which amends the Payment Systems (Regulation) Act 1998 to …

The Federal Court has ordered Mayfair 101 Group director James Mawhinney be restrained from receiving or soliciting funds in connection …

The High Court granted ASIC special leave to appeal the Full Federal Court’s decision which found that digital asset service …

ASIC published its letter to the Treasurer and Minister for Finance, which detailed how the regulator will seek to bolster …

The Full Federal Court unanimously dismissed Latitude Finance Australia and Harvey Norman Holdings Ltd’s appeals regarding misleading conduct and false …

ASIC has warned consumers to be on the lookout for investment scam ads and investment scam websites deliberately misusing images …

ASIC released REP 813: Regulatory simplification, which explores ideas to simplify regulation and ease regulatory burden.

The report …

ASIC commissioned a paper on Australia’s private funds sector, REP 814 Private credit in Australia, which outlines insights on …

ASIC has outlined its approach to publishing two public-facing dashboards containing internal dispute resolution and reportable situations data.

ASIC announced …

ASIC made four interim stop orders against registered managed investment schemes due to concerns about deficiencies in the schemes’ Target …

ANZ admitted to engaging in unconscionable conduct in services it provided to the Australian Government, as well as widespread misconduct …

ASIC has released its 2025-26 Corporate Plan, which sets out ASIC’s strategic priorities for the next financial year and beyond. …

The Federal Court found Money3 Loans Pty Ltd, which provides consumer automotive finance and personal loans, breached several responsible lending …

ASIC cancelled the following Australian credit licences:

• Crown Home Loans & Finance Pty Ltd
• Mortgage Origination Pty Ltd
• Po Hsiung …

ASIC called on lenders to maintain a strong focus on supporting customers in financial hardship, following reported improvements across the …

ASIC cancelled the AFS licence of MWL Financial Services Pty Ltd and banned its director, and Responsible Manager and compliance …