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ASIC Directs Life Insurers to Improve Product Design, Sales Practices
By Sanday Chongo Kabange | 20/08/2025
ASIC has found that claims disputes have doubled since 2018, demanding better product design and sales practices amid threats of enforcement action.

ESG / Sustainability
Australia Will Benefit From Moving First on Sustainability Reporting, Says APESB CEO
By Blake Evans-Pritchard | 19/08/2025
APESB CEO Channa Wijesinghe says Australia's move to adopt global standards before anyone else carries both risks and opportunities.

Capital / Liquidity
ISDA, FIA Call for More Clarity on Australia's CCP Resolution Rules
By Manesh Samtani | 18/08/2025
ISDA and FIA have called on the RBA to provide greater predictability on its crisis management powers.

Capital / Liquidity
APRA Updates Guidance on Superannuation Reporting Rules
By Editors | 18/08/2025
APRA has released detailed guidance for trustees on reporting complex assets, derivatives, and liquidity management under new data standards.

ESG / Sustainability
Australia Proposes Draft Guidance for Corporate Climate Transition Plans
By Sanday Chongo Kabange | 18/08/2025
The draft guidance proposes to adopt the IFRS TPT framework, aiming to standardise voluntary corporate climate transition plans and align with global standards.

AFCA Updates Guidance on Handling Hardship Complaints
By Sanday Chongo Kabange | 17/08/2025
The updated guide introduces specific requirements for addressing customer vulnerability and calls for more detailed evidence from firms on their handling of hardship notices.

Market Infrastructure
ACCC Backs Coordinated Migration to New Payments Encryption Standard
By Sanday Chongo Kabange | 15/08/2025
The ACCC has proposed granting an eight-year authorisation for the payments industry to jointly manage the shift to a more secure standard.

Enforcement
ASIC Sues Mercer Super Over Alleged Reporting Failures
By Sanday Chongo Kabange | 15/08/2025
ASIC alleges Mercer Super failed to report investigations into serious member service issues, including for deceased members.

APRA, ASIC Issue Warning to Super Funds on Retirement Planning
By Sanday Chongo Kabange | 14/08/2025
Only 33% of Australians aged 50-66 are confident they will have a financially comfortable retirement, and just 18% have a clear financial plan before leaving the workforce.

Enforcement
Australian Court Penalises NAB Over Hardship Assistance Failures
By Sanday Chongo Kabange | 14/08/2025
The Federal Court has penalised NAB and its subsidiary, AFSH, for failing to respond to hundreds of customers experiencing financial difficulty.
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