- Issued warning notices to four finfluencers suspected of providing unlicensed financial advice or engaging in
ASIC continues finfluencer crackdown alongside global regulators
Podcast | Future of Payments series – Episode 2 Modernising Australia’s Payment Services Regime
In In the latest edition of our global podcast series, Future of Payments, James Morris, Shen Low and Simon Lovegrove take us through some very significant reforms to Australia’s payment services regulatory framework following the publication of four new Bills, including the Treasury Laws Amendment Bill 2026: Payments System Modernisation, and what firms can do
Refreshed Foreign Financial Service Provider regime
- For over a decade, Foreign Financial Service Providers (FFSP) who do not hold an Australian financial services (AFS) licence have operated in Australia relying on a series of exemptions, most notably Class Order relief and Limited Connection relief arrangements.
- These exemptions were intended as a temporary measure, while market participants awaited the passage of a
Parliament passes new statutory licensing exemptions for Foreign Financial Service Providers
On 1 April 2026, the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Bill 2025 (the Bill) passed both the House of Representatives and the Senate.
As previously mentioned, the Bill is wide ranging and includes measures in Schedule 1 that amends the Insurance Contracts Act 1984 (Cth) to
APRA releases consultation on remaking Level 3 conglomerate standards
- Prudential Standard 3PS 310 Audit and Related Matters.
- Prudential
APRA finalises amendments to the capital treatment for longevity products
On 31 March 2026, the Australian Prudential Regulation Authority (APRA) issued its response paper finalising amendments to the capital treatment for longevity products.
Background
The response document follows two rounds of consultation that took place in June 2025 and October 2025.
The response document includes an attachment which summarises the key changes to
Superannuation advertising ban – Draft regulations
On 27 March 2026, the Australian Treasury published for comment an exposure draft of the Corporations Amendment (Ban on Advertising Superannuation Funds During Onboarding) Regulations 2026 (Cth) (draft Regulations). The draft Regulations amend the Corporations Regulations 2001 (Cth) to support the amendments to the Corporations Act 2001 (Cth) made by the Treasury Laws
Payday Super Readiness
On 25 March 2026, the Australian Prudential Regulation Authority (APRA) and the Australian Taxation Office (ATO) issued a letter to Registerable Superannuation Entity (RSE) licensees regarding the commencement of Payday Super on 1 July 2026.
The letter sets out the ATO’s and APRA’s roles in the implementation of Payday
APRA issues Insurance Climate Vulnerability Assessment
On 24 March 2026, the Australian Prudential Regulation Authority (APRA) released its Insurance Climate Vulnerability Assessment (Insurance CVA).
The Insurance CVA is a prudential stress test that explores how a changing climate could affect home insurance affordability and the insurance protection gap over the coming decades.
During the Insurance CVA APRA
APRA consults on proposed superannuation data collection to implement the Government’s Retirement Reporting Framework
On 23 March 2026, the Australian Prudential Regulation Authority (APRA) issued a consultation on the implementation of the Retirement Reporting Framework (the Framework).
Background
In November 2024, the Government announced a package of reforms in response to feedback on the superannuation in retirement consultation. This included the introduction of a new reporting