On 19 December 2025, the Albanese Government published, as part of its Better Targeted Super Concessions policy, the Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2025 and the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2025. Together these Bills reduce the tax concessions for people with total super balances over $3 million by imposing
ASIC improves and simplifies technological and operational resilience guidance
On 18 December 2025, the Australian Securities and Investments Commission (ASIC) published updates to its guidance on Chapters 8A and 8B of the ASIC Market Integrity Rules (Securities Markets) 2017 and the ASIC Market Integrity Rules (Futures Markets) 2017 (together, the Resilience Rules). The updates are reflected in the following regulatory guides:
ASIC updates RG 181 AFS Licensing: Managing Conflicts of Interest
On 16 December 2025, the Australian Securities and Investments Commission (ASIC) updated Regulatory Guide 181 AFS Licensing: Managing Conflicts of Interest (RG 181) following an earlier consultation process (CP 385).
Background
Section 912A(1)(aa) of the Corporations Act 2001 (the Act) provides that Australian financial services (AFS) licensees must
First sustainability reporting educational modules released to assist smaller companies
On 15 December 2025, the Australian Securities and Investments Commission (ASIC) published an announcement releasing the first sustainability reporting educational modules to assist smaller companies and report preparers in understanding and applying the foundational concepts behind the new sustainability reporting requirements.
Educational modules
ASIC, in partnership with the Australian Accounting Standards Board (
ASIC issues catalogue of key legal obligations for private credit funds
On 9 December 2025, the Australian Securities and Investments Commission issued a catalogue summarising key legal obligations and regulatory guidance to help private credit fund operators more easily identify and comply with existing regulatory obligations. The catalogue is not intended to be a substitute for legal advice and does not include all applicable legal and
ASIC publishes new exemptions to support digital asset innovation
On 9 December 2025, the Australian Securities and Investments Commission (ASIC) issued new measures that build on the previous stablecoin relief by exempting intermediaries from the requirement to hold separate Australian financial services (AFS), Australian market, or clearing and settlement facility licences when providing services relating to eligible stablecoins or wrapped
ASIC updates guidance on product disclosure statements
On 3 December 2025, the Australian Securities and Investments Commission (ASIC) updated Regulatory Guide 168 Product Disclosure Statements: Disclosure and other obligations (RG 168) following consultation with industry.
Background
RG 168 provides guidance on preparing product disclosure statements (PDS) that comply with the requirements in the Corporations Act 2001
ASIC updates its guidance on digital disclosures
On 3 December 2025, the Australian Securities and Investments Commission (ASIC) updated Regulatory Guide 221 Facilitating digital financial services disclosures (RG 221).
RG 221 explains ASIC’s approach to provisions in Parts 7.7 and 7.9 of the Corporations Act 2001 (Cth) (Corporations Act), the use of digital delivery of financial
ASIC Commissioner speech – Time to get on with business
On 5 December 2025, the Australian Securities and Investments Commission (ASIC) published a speech by Commissioner Kate O’Rourke at the 2025 Small Business Association of Australia International Small Business Summit. The speech is entitled ‘Time to get on with business’.
In her speech Commissioner O’Rourke outlines ASIC’s program to ease regulatory burdens
APRA finalises changes to phase out Additional Tier 1 capital instruments
On 4 December, the Australian Prudential Regulation Authority (APRA) released a letter that responds to submissions to its consultation on amendments to its prudential and reporting frameworks to facilitate the phase out of Additional Tier 1 (AT1) capital instruments – also known as hybrid bonds – as eligible regulatory capital for