Regulatory Updates

The Federal Court has found that Telstra Super contravened its obligations regarding its internal dispute resolution (‘IDR’) procedures.  However, ASIC …

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

Changes to NTA requirements for responsible entities. This ASIC Consultation seeks feedback on options for increasing the net tangible assets …

ASIC secures record level of penalties

For the 2026 financial year, ASIC announced that it had secured court orders totalling …

AUSTRAC has released updated guidance outlining the steps it expects reporting entities to take if they choose to outsource AML/CTF …

Online bookmaker bet365 had entered into a legally binding Enforceable Undertaking that will require it to overhaul its systems following …

In a recent speech at the Australian Finance Industry Association (AFIA) risk summit, AUSTRAC CEO Brendan Thomas reflected that over …

AUSTRAC has finalised its enforceable undertaking (EU) with Sportsbet Pty Ltd following the company undertaking a significant uplift to its …

AUSTRAC has provided insights on how it is using data to stop crime, highlighting the important role reporting entities play …

ASIC Commissioner Alan Kirkland spoke at the MFAA Conference in Melbourne on 22 July 2026 and provided more details about …

ASIC has reviewed the mortgage offset practices of eight banks (representing more than 70% of the home loan market) and …

In Radanov v Australian Financial Complaints Authority [2026] FCA 929, the Federal Court dismissed an appeal brought in relation …

Following ASIC’s extension of its no-action position for digital asset businesses, AFCA has extended the deadline for digital asset firms …

ASIC has made interim stop orders against the Wealthon Vault Development Fund and The People’s Equity Fund due to deficiencies …

CSLR revised levy estimate

The Compensation Scheme of Last Resort (CSLR) has published a revised levy estimate for the 2027 …

The FSCP has issued a written direction for a relevant provider to have their next 10 statements of advice audited …

MWL Financial Services

ASIC has banned Nicole Niu from providing financial services for 5 years on the basis that she …

The OAIC has published its report into the 2025 Qantas Airways Limited data breach incident. The data breach affected approximately …

ASIC cancelled or suspended a number of AFS licences recently for a range of reasons.

Capital Guard AU

ASIC cancelled …

In February 2026, ASIC commenced a review of financial advisers that were relevant providers but who did not have any …

ASIC has made a new legislative instrument for operators of investor directed portfolio services (“IDPS”) and IDPS-like schemes.

The new …

ASIC has penalised Deutsche Bank $2 million for misreporting more than 260,000 foreign exchange and commodities OTC transactions between 21 …

The Federal Court has imposed record penalties of $35 million against Harvey Norman Holdings Ltd, and $20 million against Latitude …

Background

If you are a foreign entity carrying on a financial services business “in Australia” then you must hold an …

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

Relief from dollar disclosure and AFS licensing requirements. This ASIC Consultation seeks feedback on its proposal to remake ASIC Corporations …

ASIC updates guidance on whistleblowing

ASIC has updated its whistleblowing information sheets INFO 238 and INFO 239 to simplify language, …

The process and forms for claiming legal professional privilege in relation to notices, requests for information and reporting obligations have …

AUSTRAC has recently made several changes to the Program Starter Kit documents.

The changes are targeted rather than a full …

Further to AUSTRAC’s update to regulator statement of expectations made last month, where it flagged that its position on AML/CTF …

AUSTRAC has released dedicated guidance to assist reporting entities that only provide item 54 designated services understand their obligations.

AFS …

ASIC has extended the relief provided under ASIC Credit (Mandatory Credit Reporting) Instrument 2021/541 for 5 years until 1 October …

AUSTRAC’s updated Terrorism financing risks in Australia’s non-profit organisation sector has found that criminals continue to exploit charities, using them …

The Federal Court has found that Diamond Wheels Pty Ltd and Keo Automotive Pty Ltd provided car loans to consumers …

From 1 July 2026 new threshold transaction reports (TTRs) and suspicious matter reports (SMRs) forms will be released by AUSTRAC. …

AFCA welcomed the Government’s confirmation that it will be appointed as the single EDR scheme for scam complaints under the …

ASIC has updated its Regulatory Guide 234 Advertising financial products and services (including credit) (RG 234) following the …

Duffy

ASIC has permanently banned Gerard Duffy from providing financial services after finding that it had reason to believe that …

ASIC has updated its Internal Dispute Resolution data dashboard to include reported complaints activity between 1 July and 31 December …

The Federal Court has disqualified former Star Entertainment Group executives Mathias Bekier and Paula Martin from managing corporations for six …

The OAIC has found that American Express Australia Ltd interfered with a complainant’s privacy under the Privacy Act 1988, …

The Federal Court has ordered HSBC Bank Australia Limited to pay a $35 million penalty and to publish adverse publicity …

Mercer Super has been ordered by the Federal Court to pay penalties totalling $10.3 million for systemic failures to report …

ASIC is proposing changes to a range of legislative instruments to take effect later in the year.

Financial reporting and …

The ban on the advertising by most non-default superannuation funds during the employee onboarding process is due to commence on …

ASIC has announced that it will publish the verified website addresses of AFS licensees on its Professional Registers Search (PRS). …

The Full Federal Court has dismissed ASIC’s appeal against an earlier finding of the Federal Court that a “pre-existing condition” …

The High Court has unanimously found that the fixed-yield digital asset product

“Earner” offered by Block Earner was a financial …

In May this year ASIC reminded providers of financial services involving digital asset financial products that they need to decide …

ASIC has commenced Federal Court proceedings against 3 former directors of Keystone Asset Management Ltd (Keystone) alleging breaches of their …