AUSTRALIA

Capital / Liquidity

APRA to Ease Home Loan Barriers for Borrowers with Student Debt

By Thisanka Siripala | 21/02/2025

APRA proposes to remove HELP debts from DTI reporting and allow banks to exclude HELP debt repayments from serviceability assessments in some cases.

Market Infrastructure

APRA Rescinds 2018 Outsourcing Guidance to Reduce Regulatory Burden

By Sanday Chongo Kabange | 20/02/2025

APRA rescinded its 2018 information paper on cloud outsourcing in light of new operational risk management standards coming into effect in July.

ASIC Proposes Further Tweaks to Reportable Situations Regime

By Thisanka Siripala | 20/02/2025

The proposed relief is based on the reasoning that some reported breaches offer limited intelligence value while imposing compliance costs on licensees.

AML / KYC

Digital Currency Exchanges on Notice Amid AUSTRAC Compliance Blitz

By Nathan Lynch | 20/02/2025

Crackdown from AUSTRAC could be just the tip of the iceberg for crypto exchanges, as some could also face follow-up enforcement action.

AML / KYC

Australian Police Publishes “Scam Script” Used to Lure Victims

By Sanday Chongo Kabange | 19/02/2025

The AFP published the scam script to promote an understanding of how romance scams are operated and greater vigilance by the public.

Australia Legislates to Prevent a Repeat of Robodebt Scandal

By Thisanka Siripala | 19/02/2025

Law passed to impose stricter accountability measures on government agencies and require public officials to cooperate in Ombudsman investigations.

Australia: Senate Inquiry Issues Recommendations on Super Industry Governance

By Thisanka Siripala | 19/02/2025

Senate Economics Committee report recommends several measures including empowering APRA to remove trustees with material conflicts of interest.

Australia Cracks Down on Land Banking by Foreign Investors

By Sanday Chongo Kabange | 19/02/2025

Australia is banning foreign investors from buying established homes for two years and cracking down on foreign land banking.

AML / KYC

FMA Issues Alert on Fake Online Investing Platforms

By Sanday Chongo Kabange | 19/02/2025

The FMA has identified a “large network” of fake online investing platforms involving 96 duplicate websites or platforms.