On 24 October 2025, the Australian Prudential Regulation Authority (APRA) provided an update on its earlier consultation to modernise the prudential framework on governance for banks, insurers and superannuation trustees.
Background
In March, APRA proposed eight measures to update its cross-industry prudential standards and guidance on governance for the first time in more
On 17 October 2025, Treasury issued the second edition of the Regulatory Initiatives Grid (RIG). The RIG is available in three formats: a comprehensive RIG Report, an interactive dashboard, and an Excel workbook.
As with the first edition, the second edition of the RIG outlines upcoming initiatives from financial agencies. However, in order
On 16 October 2025, the Australian Securities and Investments Commission (ASIC) published the keynote address provided by ASIC Commissioner Alan Kirkland at the Institute of Managed Account Professionals Independent Thought Conference. The keynote address is entitled Improving consumer outcomes is everyone’s job.
Responsibility
In his speech Commissioner Kirkland focused on consumer outcomes
Australian Prudential Regulation Authority (APRA) has published the remarks made by its Deputy Chair, Margaret Cole at the FSC Innovation in Retirement conference held on 16 October 2025.
In her remarks Margaret Cole noted that Australia is an aging population. Assets in retirement products are predicted to grow from $575 billion to around
On 14 October 2025, the Australian Securities and Investments Commission (ASIC) published Report 818 From superficial to super engaged: Better practices for trustee retirement communications (REP 818).
Background
REP 818 follows a review which examined how various trustees have been progressing with their implementation of the retirement income covenant, with a
On 14 October 2025, the Australian Securities and Investments Commission (ASIC) published a speech by ASIC Commissioner Alan Kirkland outlining its current priorities and enforcement approach in consumer credit.
Core Message
The core message of the Commissioner’s speech was that ASIC’s strategic priority will be to improve consumer outcomes in credit by ensuring
On 13 October 2025, Treasury announced a boost to the Low Income Superannuation Tax Offset (LISTO). It also announced amendments to the Better Targeted Superannuation Concessions (BTSC) measure (also referred to as the $3m super tax Bill). The measure was first announced on 28 February 2023.
From 1 July 2027, the
On 9 October 2025, the Australian Prudential Regulation Authority (APRA) disqualified the former CEO of Xinja Bank (Xinja) and one other director from being or acting as accountable persons of any authorised deposit-taking institution (ADI) under the Financial Accountability Regime (FAR) for failing to comply with their
On 9 October 2025, the Albanese Government released an exposure draft of a Bill that lays the foundations for a new regulatory framework for payment service providers (PSPs). The draft Bill builds on the changes the Government made last month with the passage of the Treasury Laws Amendment (Payments System Modernisation) Bill 2025
On 10 October 2025, the Australian Securities and Investments Commission (ASIC) issued a media release urging financial services entities to strengthen governance and risk management in relation to offshore service providers (OSPs), following a review that identified significant weaknesses.
Licensees
ASIC reviewed the use of OSPs by Australian financial services advice licensees and their representatives.