Australia

Enforcement

CBA Pays Record Penalty for Breaching Consumer Data Right Rules

By Sanday Chongo Kabange | 10/12/2025

The penalty comes after CBA failed to enable data sharing for some business accounts, forcing customers to use less secure workarounds.

Sanctions

Australia Introduces ‘World-First’ Autonomous Sanctions Framework for Afghanistan

By Sanday Chongo Kabange | 10/12/2025

The new framework was established in response to ongoing oppression and the undermining of the rule of law since the Taliban took control of Afghanistan in 2021.

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.