Regulatory Updates

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 …

On 25 September 2025, the Treasury released exposure draft legislation for the proposed regulation of digital asset and tokenised custody …

Under the Delivering Better Financial Outcomes Reforms, ongoing fee arrangement consent forms are required to include the client’s account number. …

ASIC banned Milutin Petrovic from providing financial services, controlling an entity that carries on a financial services business, and performing …

ASIC commenced proceedings in the Federal Court against Macquarie Investment Management Ltd following admissions that it did not act efficiently, …

ASIC sought leave from the Federal Court to expand its proceedings against former financial adviser Ferras Merhi to allege he …

ASIC is seeking feedback on its proposal to remake for a further five years ASIC Instrument 2016/211, which is …

ASIC made ASIC Corporations (Financial Services Guide, General Advice Warning and Advertising Related Relief) Instrument 2025/234, which continues the …

ASIC commenced action against RACQ Insurance Limited in the Federal Court for allegedly sending thousands of customers’ renewal documents containing …

ASIC granted class relief for intermediaries engaging in the secondary distribution of a named stablecoin issued by a Named Stablecoin …

AUSTRAC have now published the AML/CTF Rules, which provides important supplementary detail to the AML/CTF Act.

This includes:

• the …

Unlike a director or officer, a Responsible Manager (“RM”) is not a legal concept. The term does not exist in …

CS 22 Proposed update to ASIC’s guidance on Product Disclosure Statements. ASIC is proposing to update Regulatory Guide 168: …

Court declares CFD platform clause an unfair contract term

The Supreme Court of Western Australia declared that a term relied …

AUSTRAC called on independent remittance businesses that are no longer operating to voluntarily withdraw their registration or risk cancellation. AUSTRAC …

AUSTRAC commenced civil penalty proceedings in the Federal Court against Mount Pritchard District and Community Club alleging breaches of AML/CTF …

The recent Supreme Court of NSW decision in Merciful Group Incorporated v Norfina Limited t/as Suncorp Bank provides important guidance …

AUSTRAC directed Binance Australia, a digital currency exchange, to appoint an external auditor after identifying serious concerns with its anti-money …

AFCA published an updated Financial Difficulty EDR Response Guide which sets out AFCA’s expectations for how a financial firm should …

ASIC commenced civil penalty proceedings in the Federal Court against Mercer Superannuation (Australia) Limited alleging failures to comply with the …

The Treasury Laws Amendment (Payments System Modernisation) Bill 2025 was introduced into Parliament on 30 July 2025.

The Bill proposes …

ASIC revealed more than 14,000 investment scam and phishing websites have been knocked out since the takedown capability began two …

ASIC released data on reports of misconduct for the six-month period from 1 January 2025 to 30 June 2025. ASIC …

ASIC’s Report 811 Better and beyond: Expanding better banking outcomes to more low-income Australians revealed that 21 surveyed banks will …

The Australian Information Commissioner has filed civil penalty proceedings in the Federal Court against Optus following an investigation into the …

The Federal Court has ordered National Australia Bank and its subsidiary, AFSH Nominees Pty Ltd, to pay a pecuniary penalty …

The Federal Court has imposed penalties of $4 million against Rent4Keeps (Aust) Pty Ltd and $3.4 million against its largest …