AUSTRALIA

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.

Securities / Derivatives

ASIC to Review Super Fund Rules on Property, Credit Investments

By Sanday Chongo Kabange | 14/08/2025

ASIC will examine fee disclosure rules for property and private credit investments following industry concerns about their impact.

Enforcement

Former Investment Manager Pleads Guilty in ASIC Insider Trading Case

By Sanday Chongo Kabange | 13/08/2025

The case marks the first outcome for a new ASIC taskforce and was detected by the regulator's real-time surveillance technology.

Market Infrastructure

APRA Calls for Urgent Cyber Uplift from Super Funds

By Editors | 12/08/2025

APRA warned the industry to improve collaboration and controls following recent attacks on members, highlighting systemic risks and third-party dependencies.

Securities / Derivatives

Australian Court Orders Fintech to Pay Penalty for Disclosure Breaches

By Editors | 11/08/2025

iSignthis Ltd and its former CEO were penalised for misleading conduct and failing to disclose material information, ASIC said.

Enforcement

AUSTRAC's “Pokies” Case Holds Lessons for Compliance Teams

By Nathan Lynch | 11/08/2025

The latest civil enforcement action from AUSTRAC for alleged AML/CTF compliance breaches offers a raft of lessons for other businesses, writes Nathan Lynch.