On 7 July 2025, the Australian Securities and Investments Commission (ASIC) announced that it was seeking feedback on proposals to remake five legislative instruments relating to financial reporting relief.
Background
Under the Legislation Act 2003, all legislative instruments are automatically repealed, or ‘sunset’, after 10 years, unless ASIC takes action to preserve them.
On 27 June 2025, the Australian Securities and Investments Commission (ASIC) announced that it had provided Australian financial services and credit licensees additional targeted relief under the reportable situations regime.
Background
The reportable situations regime requires licensees to promptly identify, fix and report potential misconduct.
Since October 2021, ASIC has conducted extensive work
On 26 June 2025, the Australian Prudential Regulation Authority (APRA) published data on superannuation retirement products.
This is the first time that APRA has issued such data which is intended to increase transparency regarding investment returns, fees and costs and investment strategies at a product level. Key performance data for 600 multi-sector investment
On 26 June 2025, the Australian Prudential Regulation Authority (APRA) published the results of its latest stakeholder survey which took place over four weeks in February and March 2025.
Background
APRA has conducted biennial surveys of the entities that it regulates since 2009 and uses the feedback to understand the effectiveness and impact
On 24 June 2025, the Australian Securities and Investments Commission (ASIC) updated its guidance for Australian financial services (AFS) licensees on how they can reduce share sale fraud risks to their clients and business. The update follows a spike in reports of stolen shares due to identity theft and an industry
On 24 June 2025, Australian Prudential Regulation Authority (APRA) Deputy Chair Margaret Cole issued a letter to all registerable superannuation entity (RSE) licensees setting out the regulator’s observations, examples of better practice and areas for improvement to support RSE licensees’ compliance with their legal duties, including the best financial interests duty
On 12 June 2025, the Australian Securities and Investments Commission (ASIC) published the keynote address given by its chair, Joe Longo, at the AmCham Regulator Luncheon Series.
In his speech Mr Longo discusses the role that superannuation plays in the Australian economy, as a significant force in both local and global capital markets
On 12 June 2025, the Australian Securities and Investments Commission (ASIC) issued a press release stating that it had issued warning notices to 18 social media ‘finfluencers’ suspected of unlawfully promoting high-risk financial products and providing unlicenced financial advice.
Following the issuance of INFO Sheet 269 ‘Discussing financial products and services online’ in
On 12 June 2025, the Australian Prudential Regulation Authority (APRA) issued a consultation paper on modifying the capital framework for annuities.
In summary the proposals redesign the illiquidity premium in Prudential Standard LPS 112 Capital Adequacy: Measurement of Capital (LPS 112). Specifically, APRA proposes to allow a bigger liquidity premium where