Regulatory Updates

When applying for an AFSL, applicants must be prepared to meet the fit and proper requirement – a test that …

CP 382 Low cost credit contracts. This consultation paper sets out ASIC’s proposals for providing guidance to Australian credit …

ASIC releases its enforcement and regulatory update: July to December 2024

ASIC’s latest enforcement and regulatory update states that from …

FATF has released a report on detecting, disrupting and investigating online child sexual exploitation.

The landmark report draws on case …

AUSTRAC CEO Brendan Thomas recently spoke at the 2025 Regulating the Game conference, which is Australia's premier gambling law and …

An AUSTRAC intelligence report has assisted with the arrest of a man who was subsequently charged with importing a commercial …

On 28 February 2025, AUSTRAC published its AI Transparency Statement, reinforcing its commitment to transparent, responsible and well-governed AI …

New tipping off requirements apply from 31 March 2025. These requirements were introduced by the Anti-Money Laundering and Counter-Terrorism Financing …

ASIC has been successful in two appeals to the Full Federal Court regarding small amount lender Sunshine Loans.

The first …

ASIC has updated its regulatory guidance to clarify how the Higher Education Loan Program and other student loan commitments may …

ASIC has released its Report 805 Falling short: Compliance with the small amount credit contract obligations (REP 805) …

In its enforcement and regulatory update, ASIC continues to warn of the rise in online scams as it reports …

AFCA held its latest member forums on 12 and 13 March 2025.

In his opening address, Chief Ombudsman and CEO …

The Federal Government has approved a change to the conditions of AFCA’s authorisation to enable it to investigate and consider …

ASIC has taken action against FIIG Securities Limited in the Federal Court for allegedly failing to take appropriate steps, as …

A recent ASIC adviser banning is an invitation to advisers to consider their processes for having clients sign documents.

ASIC …

A recent ASIC banning order is a reminder that a financial adviser’s conduct in their personal life can impact their …

In an update to First Guardian Master Fund investors, ASIC announced it has applied to the Federal Court for the …

The Federal Court has ordered LGSS Pty Ltd (as trustee of the super fund Active Super) to pay a $10.5 …

The NSW Supreme Court has convicted and imposed criminal fines of $13.5 million against Allianz Australia Insurance Limited and $3.3 …

In the latest development in the Government’s grappling with how to regulate crypto, it has released a statement on …

ASIC has filed proceedings against AustralianSuper Pty Ltd, the trustee of Australia’s largest superannuation fund, over delayed processing of death …

The Government has released draft legislation and explanatory materials setting out the next proposed round of DBFO reforms.

The reforms …

Section 912A of the Corporations Act 2001 sets out the “ten(ish) commandments” for AFS licensees, the first of which is …

CS 13 Extending relief for business introduction services. ASIC is inviting feedback on whether the relief under ASIC Corporations …

ASIC wins legal professional privilege appeal

The Full Federal Court has upheld ASIC’s appeal in its case against Noumi’s …

During February 2025, FATF held its first plenary of the year, and the second under Elisa de Anda Madrazo’s presidency. …

FATF has released its 2023/24 annual report, showcasing its efforts to combat financial crime and foster inclusive economic development.

The …

FATF is updating Recommendation 16 and its Interpretive Note to better fit modern payment systems, and to ensure the standards …

FATF has published several updates which is likely to affect the way reporting entities assess the risk associated with particular …

AUSTRAC has taken action against 13 remittance and digital currency exchange providers, and has more than 50 others in its …

6,770 complaints were lodged with AFCA in December 2024, a decrease of 4 per cent from December 2023. In the …

The Treasurer has announced that APRA and ASIC will update their regulatory guidance to “make it easier for Australians with …

Some of ASIC’s key online tools are undergoing a mini-makeover.

Starting mid to late March 2025, ASIC will introduce …

In its latest announcement on the use of Artificial Intelligence, the OAIC joined data protection authorities from Korea, Ireland, France …

Parliament passed the Scam Prevention Framework Act 2025, which requires regulated entities to prevent, detect, disrupt, respond to and …

The Government has quietly announced that it will no longer proceed with Stage 2 of the registration process for financial …

AustralianSuper, the trustee of Australia’s largest superannuation fund, will pay a $27 million penalty after the Federal Court found that …

The Financial Services and Credit Panel made a two-year registration prohibition order against financial adviser Glenn Paul Meilak. The disciplinary …

The Government announced that it plans to reform the education standards for new financial advisers with the aim of expanding …

In 2018, ASIC launched a crusade against poor financial advice. ASIC looked at how some of Australia’s larger banking and …

Scams Prevention Framework. The Scams Prevention Framework Bill 2024 has been referred to the Senate Estimates Legislation Committee for …

ASIC appoints Scott Gregson as CEO

Scott Gregson, previous ACCC CEO, has been appointed Chief Executive Officer of ASIC. …

FATF has updated its consolidated list of ML/TF country assessment ratings. This list assesses the effectiveness and technical compliance of …

AUSTRAC has provided an update on its efforts in 2024 to bolster international cooperation on financial intelligence.

AUSTRAC posted its …

FATF has released new guidance on developing national risk assessments.

An NRA is a process that enables a country to …

AUSTRAC has reminded members of the public, including reporting entities, to be aware of scammers attempting to impersonate AUSTRAC.

A …

The National Credit Code (Credit Code) has been extended to buy now pay later contracts, following royal assent to the …

All AFS and credit licensees should ensure that, from 1 March 2025, they are complying with the requirements of ASIC’s …

Treasury has issued Financial Services Compensation Scheme of Last Resort Levy (Collection) (Cost Estimates 2025-26 Levy period) Determination 2025. …