Regulatory Updates

Under the financial services laws, a person that carries on a financial services business must hold an AFSL covering the …

CS 18 Proposed remake of financial-advice related legislative instruments. ASIC is inviting feedback on its proposal to remake for a …

ASIC moves to appoint receivers to Australian Fiduciaries amidst investigation

ASIC has applied to the Federal Court to appoint receivers …

AUSTRAC has released speaking notes from AUSTRAC CEO Brendan Thomas’ recent speeches at the Integrity Insight Financial Crime Summit and …

FATF has published two recent updates relating to international ML/TF risk. The updates relate to jurisdictions which may pose a …

AUSTRAC has refused to renew the registration of crypto ATM operator Harro’s Empires and has imposed new operating conditions on …

AUSTRAC has instructed The Ville Resort-Casino in Townsville and Mindil Beach Casino Resort in Darwin to appoint external auditors to …

AFCA has published updated guidance in relation to how it will assess complaints lodged after 1 July 2025 about add-on …

ASIC has granted AFS licensees and credit licensees further relief under the breach reporting (reportable situations) regime.

The relief was …

ASIC has commenced civil penalty proceedings in the Federal Court against RAMS Financial Group for systemic misconduct in arranging home …

ASIC’s latest home insurance claims review has found that while insurers have implemented programs to improve claims handling functions, there …

ASIC has released more than 50 public submissions received in response to its discussion paper on the evolving dynamics between …

ASIC has released its review findings into the compliance plans used by Responsible Entities of registered managed investment schemes. The …

ASIC has commenced civil penalty proceedings against Choosi Pty Ltd, alleging it made false or misleading representations to customers by …

The Full Federal Court has dismissed ASIC’s appeal against the Federal Court’s decision on 22 March 2024, finding that a …

Australian Retirement Trust Pty Ltd has paid $18,780 to comply with an infringement notice issued by ASIC over allegedly misleading …

The Full Federal Court has found that BPS Financial Pty Ltd could not rely on the “authorised representative” exemption in …

ASIC has cancelled the AFS licence of Financial Services Group Australia Pty Ltd and permanently banned its Responsible Manager, Graham …

ASIC has commenced action against Australian Unity Funds Management Limited, alleging it acted unlawfully by failing to take reasonable steps …

ASIC has issued Equity Trustees Limited with infringement notices amounting to penalties of $56,340 for allegedly making misleading investment statements. …

Following a spike in reports of stolen shares due to identity theft and an ASIC-led industry review into AFS licensees’ …

ASIC has banned Glenda Maree Rogan, former Sutherland Shire and Wollongong based financial adviser, from providing financial services for ten …

In its latest decision, the FSCP has found that a financial adviser recommended that clients switch their superannuation into a …

ASIC has given advice licensees and super trustees some breathing space when it comes to meeting fee deduction consent requirements …

ASIC launched its new digital AFS licensing portal in May. The portal was initially only open for applications for a …

ASIC has issued further relief from the reportable situation requirements for AFS and credit licensees, in the form of ASIC …

Since 1992, when class actions were enshrined in Australia’s legal framework, the link between them and regulatory interventions has been …

Improving access to affordable and quality financial advice. Treasury is inviting feedback on Tranche 2 of the DBFO reforms. …

ASIC Commissioner delivers speech on climate reporting framework

ASIC Commissioner Kate O’Rourke delivered a speech at the Responsible Investment Association …

AUSTRAC is alerting the public to fraudulent emails posing as AUSTRAC officials.

These scams falsely claim suspicious activity on accounts …

AUSTRAC’s Fintel Alliance is expanding after its intelligence partnership led to major law enforcement outcomes.

The Alliance, a global public-private …

AUSTRAC has appointed an external auditor to review Mercedes Benz Financial Services Australia, following concerns about the financier’s compliance with …

AUSTRAC released a case study highlighting its role in a major international financial crime investigation that led to the restraint …

AUSTRAC has issued over $75,000 worth of infringement notices to digital currency exchange provider Cointree Pty Ltd for the alleged …

AUSTRAC is seeking further feedback on the second exposure draft of the Anti-Money Laundering and Counter-Terrorism Financing Rules.

This follows …

AFCA has published the latest edition of its Systemic Issues Insights Report. This report shares data and findings from recent …

ASIC Commissioner Simone Constant delivered a keynote address at the latest Consumer Rights Forum on death benefits claim handling issues …

The Office of the Australian Information Commissioner has released its Notifiable Data Breaches Report for the July to December 2024 …

ASIC has cancelled the AFSL of Spectre Financial Group Australia Pty Ltd after it found that Spectre had failed to …

The Federal Court has ordered HCF Life Insurance Company Pty Limited to pay a pecuniary penalty of $750,000 and make …

ASIC has sought special leave from the High Court to appeal the Full Federal Court’s decision that found that the …

The Government has announced its new ministry following the federal election in May 2025.

The Hon Dr Daniel Mulino MP …

ASIC has commenced civil penalty proceedings against Resimac Limited, alleging thousands of their home loan customers were impacted by the …

ASIC has published a new regulatory guide to help buy now pay later providers understand their obligations ahead of new …

ASIC released CS 18 Proposed remake of financial-advice related legislative instruments, seeking feedback on ASIC’s proposal to remake three legislative …

ASIC has imposed new licence conditions on Kalkine Pty Ltd. The administrative action followed ASIC’s concerns that Kalkine's customer service …

The Financial Services and Credit Panel issued a written reprimand on 12 May 2025 to a relevant provider who recommended …

ASIC has filed proceedings in the NSW Supreme Court alleging that Macquarie Securities (Australia) Limited engaged in misleading conduct by …

ASIC has imposed additional conditions on Macquarie Bank Limited’s AFS licence after multiple and significant compliance failures.

The compliance failures …

You’re busy. You have a business to run and services to deliver. On top of that, your compliance consultant is …