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 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
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
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 announces 2026 enforcement priorities
- misleading pricing practices impacting cost of living;
- poor private credit practices;
- financial reporting misconduct, including failure to
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
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