On 10 July 2025, the Australian Securities and Investments Commission (ASIC) announced that Project Acacia, a joint initiative between the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre, had reached a significant milestone. Project Acacia is designed to explore how innovations in digital money and existing settlement infrastructure might support
ASIC proposes PDS guidance updates
On 9 July 2025, the Australian Securities and Investments Commission (ASIC) issued proposals to update Regulatory Guide 168 Disclosure: Product Disclosure Statements (PDS) (and other disclosure obligations) (RG 168).
Update
The purpose of the update is to simplify and consolidate the guidance in RG 168.
In particular, ASIC proposes
ASIC to update RG 221 and remake legislative instruments on digital disclosure
On 9 July 2025, the Australian Securities and Investments Commission (ASIC) announced that it was seeking feedback on proposals to remake two legislative instruments relating to digital disclosure.
ASIC also proposes to update Regulatory Guide 221 Facilitating digital financial services disclosures (RG 221).
Background
Under the Legislation Act 2003, all legislative
ASIC to remake disclosure relief legislative instruments
On 9 July 2025, the Australian Securities and Investments Commission (ASIC) announced that it was seeking feedback on proposals to remake six legislative instruments relating to disclosure 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Under the Legislation Act 2003, all legislative instruments are automatically repealed, or ‘sunset’, after 10 years, unless ASIC takes action to preserve them.
Legislative
APRA moves ahead with AT1 phase-out
On 8 July 2025, the Australian Prudential Regulation Authority (APRA) released a consultation paper on implementing APRA’s decision to phase out Additional Tier 1 (AT1) capital instruments.
Background
APRA is seeking feedback on proposed amendments that give effect to the phase out of AT1 capital instruments and replace them with predominantly
APRA receives final independent expert report on BUSS (Queensland) Pty Ltd, the trustee for The BUSSQ
Background
On 2 July 2025, the Australian Prudential Regulation Authority (APRA) announced that it had received the final independent expert report on BUSS (Queensland) Pty Ltd, the trustee for The Building Unions Superannuation Scheme (Queensland) (BUSSQ). BUSSQ has over the past four years experienced some disruption with director resignations in 2022
ASIC’s proposal to remake five legislative instruments relating to financial reporting relief
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.
ASIC releases estimated industry funding levies for 2024-25
On 3 July 2025, the Australian Securities and Investments Commission (ASIC) issued its 2024-25 Cost Recovery Implementation Statement (CRIS), which outlines how ASIC will recover regulatory costs from industry under the industry funding model.
The CRIS contains ASIC’s estimated costs and levies for each industry subsector in 2024-25 to help entities
Now in force – APRA CPS 230 Operational Risk Management
- Identify, assess and manage its
ASIC updates guidance for managed investment schemes
- RG 132 Funds management: Compliance and oversight. RG 132 was updated to replace references to Australian Standard AS ISO 19600: 2015 Compliance management systems – Guidelines with Australian