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 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
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
Extended Transitional Relief for Foreign Financial Services Providers
On 5 December 2025, ASIC has again extended the transitional relief for foreign financial services providers (FFSPs) for an additional 12 months (until 31 March 2027).
A person who carries on a financial services business in Australia must hold an Australian financial services licence (AFSL) covering the provision of the financial
ASIC invites feedback on stamp duty and portfolio holdings transparency
On 28 November 2025, the Australian Securities and Investments Commission (ASIC) initiated consultations on proposed changes to stamp duty and portfolio holdings disclosure requirements.
Background
The proposals are a result of ASIC’s targeted review of superannuation investment disclosure requirements announced in August 2025. As part of this review, ASIC established a Working Group
Super trustees urged to accelerate progress on retirement support for members
On 26 November 2025, the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) jointly released the 2025 Retirement Income Covenant (RIC) Pulse Check report (Report), which assesses the progress trustees have made in developing retirement income strategies for Australians approaching or in
Corporations Amendment (Digital Assets Framework) Bill 2025
- defines the core concepts of ‘digital token’, ‘digital asset
Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Bill 2025
- the Superannuation Guarantee (Administration) Act 1992 to support employers
Foreign Financial Services Providers Bill reintroduced
On 26 November 2025, the Federal Parliament introduced the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Bill 2025 (the Bill). Among other things, the Bill is aimed at supporting the participation of foreign financial services providers (FFSPs) in Australia.
General licensing requirement
A person who carries on
Expenditure under scrutiny: APRA issues warning to RSE licensees
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