Australia

Reporting & Disclosures

Australia Proposes Legislation to Introduce Climate Reporting Reforms

By Sanday Chongo Kabange | 15/01/2024

The commencement date for the largest entities to file sustainability reports based on standards issued by the AASB is 1 July 2024.

Structural Regulation

Teething Issues: OTC Derivatives Reporting Rewrites in APAC

By Manesh Samtani | 10/01/2024

The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.

Conduct, Culture & Accountability

ASIC Extends Product Intervention Orders on Short Term Credit

By Sanday Chongo Kabange | 06/01/2024

The product intervention orders issued in July 2022 were to remain in force for 18 months. They will now remain in force until 1 October 2032.

Payments & Settlements

RBA Sets Expectations for Enhanced Debit Card Market

By Sanday Chongo Kabange | 22/12/2023

The RBA wants all industry participants to support token portability and token synchronisation by June 2025.

Fraud, Scams & Cybercrime

NZBA Issues Update on Anti-Scam Initiatives

By Editors | 21/12/2023

The first phase of the new national Anti-Scam Centre is “now live”, focusing on sharing information on money mules.

Structural Regulation

ACCC Responds to Government’s Merger Reform Proposals

By Editors | 21/12/2023

ACCC Chair Gina-Cass-Gottlieb said the government’s proposals for merger reform aren’t sufficient and that the ACCC’s own proposal would achieve the “right balance”.

Sustainable Finance

ASX Looks into Developing Australia’s First Carbon Exchange

By Ranamita Chakraborty | 20/12/2023

The exchange seeks to make participation in carbon markets more accessible, but its launch depends on regulatory and other approvals.

Reporting & Disclosures

ASIC Fines Northern Trust for Alleged Greenwashing

By Sanday Chongo Kabange | 19/12/2023

ASIC said Northern Trust was responsible for its statements, not the third party that incorrectly applied the exclusion screen specified.

Supervision & Enforcement

Australia Appoints NEW AUSTRAC CEO for Five Year Term

By Editors | 17/12/2023

Brendan Thomas from the NSW Department of Communities and Justice will replace Nicole Rose effective 29 January 2024.