AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

APRA Clarifies Lending Guidance to Boost Property Construction

By Sanday Chongo Kabange | 14/02/2025

APRA clarified that its 2017 guidance should not be taken to mean that banks should only finance property construction after it is 100% pre‑sold.

Australia Updates Education Requirements for Financial Advisers

By Sanday Chongo Kabange | 11/02/2025

The reforms will create a more sustainable education pathway and help address the current supply shortage of financial advisers.

AML / KYC

Australian Court Commences Trial Against Star Casino Executives

By Thisanka Siripala | 11/02/2025

The trial will examine whether 10 former executives and directors knowingly allowed money laundering and criminal activity at Star casinos.

Fintech / Regtech

ASIC Seeks Industry Feedback on BNPL Regulatory Guide

By Thisanka Siripala | 10/02/2025

The proposed regulatory guide outlines the obligations for low cost credit contracts and BNPL contracts under the consumer credit regime.

Fintech / Regtech

Australia Consults on Regulations for New BNPL Regime

By Thisanka Siripala | 07/02/2025

The consultation covers fee caps and inquiries that must be made about a consumer’s financial situation, among other things.

AML / KYC

Australian Super Advocacy Body Defends Anti-Scam Measures

By Thisanka Siripala | 06/02/2025

ASFA CEO Mary Delahunty says ASIC fails to acknowledge the proactive measures taken by the superannuation sector to tackle scams.

Australia to Continue Allowing Virtual Meetings, Digital Documents

By Sanday Chongo Kabange | 04/02/2025

Stephen Jones called on ASIC, ASX and industry bodies to issue guidance on appropriate conduct and use of technology at meetings

Enforcement

ASIC Commences Investigation into Dec 2024 Market Disruption

By Manesh Samtani | 04/02/2025

The investigation is looking into whether the market disruption at ASX constituted a breach of its obligations as a CS facility licensee.

Australia to Review Compensation Scheme of Last Resort

By Thisanka Siripala | 03/02/2025

The review will address concerns that the scheme will largely be funded by financial advisers, which will increase the cost of financial advice for consumers​.