On 21 July 2025, the Australian Securities and Investments Commission (ASIC) filed proceedings in the Supreme Court of New South Wales alleging that between 20 April 2021 to 11 May 2023, Fortnum Private Wealth Limited (Fortnum) was not meeting its obligations as an Australian financial services licensee (AFS Licensee)
On 16 October 2023 the Australian Federal Treasury released its public consultation paper regarding the proposed regulatory regime for digital asset platforms. The proposed framework highlights the Australian Government’s intention to ensure consistent oversight and safeguards for consumers by regulating digital asset platforms and other intermediaries within the existing Australian Financial Services Licence (AFSL
It has been 3 months since Australia’s Notifiable Data Breach Scheme (NDB Scheme)[1] came into force and, already, the Office of the Australian Information Commissioner (OAIC) is receiving many notifications of cyber-attacks and other data breaches – both voluntarily and under the NDB Scheme.
We will see even greater awareness