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
Michele Beck
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…
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…
Raising the Bar: Trustee Implications of ASIC’s Private Credit Surveillance
From October 2024 to August 2025, the Australian Securities & Investments Commission (ASIC) surveilled 28 private credit funds, including listed and unlisted funds, and retail and wholesale investor funds. In ASIC Report 820: Private credit surveillance report: Retail and wholesale surveillance dated 5 November 2025 (ASIC Report 820), ASIC outlines the better…
ASIC Report 820 – Private credit surveillance: retail and wholesale funds
On 5 November 2025, the Australian Securities and Investments Commission (ASIC) published Report 820 that summarises its observations from a review of private credit funds offered to retail and wholesale investors.
The report will interest responsible entities and trustees of managed funds, investment management firms, portfolio managers, investment advisers and consultants, financial advisers…
ASIC Regulatory Guide 282: Exchange traded products
On 7 November 2025, the Australian Securities and Investments Commission (ASIC) released Regulatory Guide 282: Exchange traded products (RG 282).
RG 282 is directed to both exchange traded funds (ETFs) issuers and market operators that admit exchange traded products (ETPs).
Consolidated guide
RG 282 is a consolidated…
ASIC issues update on public and private markets
On 22 September 2025, the Australian Securities and Investments Commission (ASIC) published an update on its work on Australia’s public and private markets.
The progress update relates to a discussion paper issued by ASIC earlier this year regarding Australia’s evolving capital markets. Following the publication of the discussion paper ASIC has met a…