Australia

    Enforcement

    Australia Examines Misuse of AI and Exam Cheating by Auditors

    By Sanday Chongo Kabange | 09/12/2025

    Government officials are reviewing Deloitte's contracts and questioning KPMG over AI's role in exam cheating that was not reported to ASIC.

    Crypto / Digital Assets

    Australia, New Zealand to Align on Financial Regulation, Insurance Access

    By Sanday Chongo Kabange | 08/12/2025

    Australian and New Zealand ministers have agreed to coordinate on payment systems and digital assets, and will establish a working group on insurance accessibility.

    ASIC Extends Transitional Relief for Foreign Financial Firms

    By Sanday Chongo Kabange | 07/12/2025

    The 12-month extension provides certainty as the government prepares a new licensing exemption regime for foreign financial services providers.

    Enforcement

    ASIC Orders FXCM to Stop Issuing CFDs to Retail Investors

    By Sanday Chongo Kabange | 05/12/2025

    The interim stop order cites deficiencies in the firm's target market determination under design and distribution obligations.

    Capital / Liquidity

    Australia Proposes Three-Tier Prudential Framework for Banks

    By Sanday Chongo Kabange | 05/12/2025

    The plan creates a new top tier for the largest banks and introduces transition periods to support competition and growth.

    Canadian Exchange Considers Acquiring Cboe Australia as SGX Denies Making Bid

    By Sanday Chongo Kabange | 05/12/2025

    The CSE is considering buying Cboe's Australian assets, aiming to expand its footprint after already having acquired the National Stock Exchange.

    ESG / Sustainability

    ASIC Updates Product Disclosure Statements Guidance

    By Sanday Chongo Kabange | 04/12/2025

    ASIC has consolidated six guides and clarified rules on greenwashing and fund liquidity following industry consultation.

    ESG / Sustainability

    ASIC Finds Major Gaps in Company Whistleblower Practices

    By Sanday Chongo Kabange | 04/12/2025

    ASIC’s survey of 134 Australian firms found nearly a quarter received no disclosures, with many lacking basic reporting channels and training.

    Capital / Liquidity

    APRA Finalises AT1 Phase-Out Plan, Toughens Bank Capital Rules

    By Sanday Chongo Kabange | 04/12/2025

    APRA confirms removal of hybrid securities from the capital framework, increasing capital minimums for major banks and altering leverage ratio rules from 2027.

    Sanctions

    Australia Sanctions Russian 'Shadow Fleet' to Enforce G7+ Oil Price Cap

    By Editors | 04/12/2025

    Australia designated 45 vessels as part of a new sanctions package aimed at curbing Russia's ability to finance its war in Ukraine.

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