Australia

Structural Regulation

ASIC Proposes to Consolidate 17 Financial Reporting and Auditing Instruments

By Editors | 04/06/2026

The proposal aims to streamline reporting and auditing relief for Australian entities, folding 17 legislative instruments into just two.

Credit Risk

APRA Finalises More Flexible Pathway to IRB for Mid-Sized Banks

By Sanday Chongo Kabange | 04/06/2026

APRA has finalised a new, more flexible pathway to internal ratings-based accreditation, including capital concessions to incentivise uptake by medium-sized banks.

Fraud, Scams & Cybercrime

Australia Publishes Government Response to New Scams Framework

By Sanday Chongo Kabange | 04/06/2026

The response outlines the government's position on recommendations for the Scams Prevention Framework, noting calls for greater clarity on regulator roles, dispute resolution, and expanded industry coverage.

Conduct, Culture & Accountability

Australia Launches Review of Corporate and Tax Whistleblower Protections

By Sanday Chongo Kabange | 03/06/2026

The statutory review will examine the effectiveness of 2019 reforms and consider key divergences between the corporate and tax frameworks, including penalties and access to justice.

PEPs & Sanctions

Australia Sanctions Israeli Settlers in the Occupied West Bank

By Manesh Samtani | 02/06/2026

The move adds new individuals and entities to Australia's sanctions list in response to escalating violence by extremist settlers in the occupied West Bank.

Conduct, Culture & Accountability

KPMG Australia CEO and Audit Head Resign Amid Whistleblower Scandal

By Sanday Chongo Kabange | 02/06/2026

The firm has admitted to mishandling allegations of client data misuse, prompting an investigation by the corporate regulator and a review of its internal culture.

Supervision & Enforcement

Outgoing ASIC Chair Warns of Depleted Litigation Fund, Calls for Reform

By Sanday Chongo Kabange | 02/06/2026

Joe Longo has flagged a critical funding shortfall for litigation, while calling for a new body to tackle Australia’s high regulatory burden.

Operational Risk

APRA Imposes New Licence Conditions on HUB24 Super Trustee

By Editors | 01/06/2026

The regulator has acted against HTFS Nominees over significant governance and conflict of interest failings, signalling a wider industry crackdown.

Anti-Money Laundering

Australia Pledges AUD 5 Million to Bolster Pacific AML Efforts

By Sanday Chongo Kabange | 01/06/2026

The funding will enhance financial intelligence capabilities and partnerships with Pacific nations to combat serious crimes, including drug trafficking, child sexual exploitation and environmental crime.