AUSTRALIA

Enforcement

ASIC Puts Consumer Lease Industry on Notice Following Review

By Thisanka Siripala | 26/05/2025

ASIC finds evidence of customer harm despite consumer lease reforms. Providers are also shifting to alternative credit products.

AML / KYC

ACCC Publishes Final Report of Job Scam Fusion Cell

By Thisanka Siripala | 25/05/2025

The fusion cell’s work resulted in the removal of over 29,000 scam accounts and the blacklisting of 836 crypto wallets.

Australian Super Tax Reform Faces Pushback Despite Election Win

By Manesh Samtani | 24/05/2025

The government’s plan to increase tax on high superannuation balances is meeting with resistance.

ESG / Sustainability

ASIC Tightens Audit and Sustainability Scrutiny for FY2025–26

By Thisanka Siripala | 23/05/2025

ASIC shifts to randomised audit file selection while enforcing first-time mandatory climate disclosure compliance.

APRA Announces Benchmarks for Latest Super Fund Performance Test

By Sanday Chongo Kabange | 23/05/2025

A new FAQ provides the benchmark representative administration fees and expenses for the 12 months to March 2025.

Market Infrastructure

Australia’s NSX to Be Acquired by Canadian Exchange

By Thisanka Siripala | 23/05/2025

NSXA will retain local leadership while gaining capital and technological backing from the Canadian Securities Exchange.

Crypto / Digital Assets

ASIC Seeks High Court Ruling on Crypto ‘Financial Products’

By Editors | 22/05/2025

ASIC challenges Block Earner ruling, seeking High Court clarity on the regulatory scope of crypto “financial products.”

Capital / Liquidity

RBNZ Issues Depositor Compensation Scheme Transitional Standard

By Sanday Chongo Kabange | 22/05/2025

The new standard sets out the mechanism deposit takers should use to gather alternate bank details that could be used for DCS payments.

Market Infrastructure

ISDA Urges Australian Super Funds to Enhance Risk Management

By Sanday Chongo Kabange | 22/05/2025

Super funds should be proactive in managing counterparties and third-party suppliers, as ineffective management can result in operational losses, regulatory attention and remediation costs.