Category: Regulatory Updates

Regulatory Update – 24 October

Australian Securities and Investments Commission  Super and retirement communication gaps. ASIC Report 818 From superficial to super engaged: Better practices for trustee retirement communications found that trustees might not be tailoring their messages to ‘engage meaningfully’ with their members. Read More Here. Update on Auditing Guidance . Regulatory Guide 260 Communicating findings from audit files to directors, […]

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Regulatory Update – 10 October

Australian Securities and Investments Commission   Misleading conduct. ASIC alleges that Fiducian Investment Management failed to ensure its sustainability claims were consistent with its PDS. Read More Here. Auditing Compliance Failures. ASIC’s Report 817 Building Trust: Auditor compliance with independence and conflict of interest obligations finds that that many auditing firms are failing met their […]

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Regulatory Update – 26 September

Australian Securities and Investments Commission Publishing breach and complaints data. ASIC will take on onboard the industry submissions on how the Internal Dispute Resolution (IDR) data is represented when published. Read More Here. No action submission for small banks. Small banks will not be penalised or not meeting the IDR requirements in early 2026 or […]

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Regulatory Update – 12 September

Our members‑only Regulatory Update curates key announcements, guidance and enforcement activity with practical context for compliance, risk and governance professionals to help keep you informed with the latest in regulation, compliance and risk. Australian Securities and Investments Commission Simplifying Regulation. ASIC has announced the first phase of a multi-year process to simplify regulation and has […]

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Regulatory Update – 29 August

Our members‑only Regulatory Update curates key announcements, guidance and enforcement activity with practical context for compliance, risk and governance professionals to help keep you informed with the latest in regulation, compliance and risk.   Australian Securities and Investments Commission  Customer-first sales practices. ASIC Commissioner Alan Kirkland wants life insurance companies to make a greater effort […]

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Regulatory Update – 15 August

Our members‑only Regulatory Update curates key announcements, guidance and enforcement activity with practical context for compliance, risk and governance professionals to help keep you informed with the latest in regulation, compliance and risk. Australian Securities and Investments Commission Innovation in capital markets. ASIC is working with the Australian government to increase innovation and productivity in […]

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Regulatory Update – 1 August

Australian Securities and Investments Commission Financial advice firm faces allegations of cyber security failures. ASIC has taken Fortnum Private Wealth to the NSW Supreme Court over allegations of poor cybersecurity policies. This comes after a cyber breach impacted over 9000 of the firm’s clients two years ago. Read More Here. Debt management firms are under […]

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Regulatory update – 18 July

Australian Securities and Investments Commission Updates to the product disclosure regulatory guide. ASIC is inviting feedback on Regulatory Guide 168 Disclosure: Product Disclosure Statements (and other disclosure obligations), to reduce regulatory complexity. Read More Here. Have your say on disclosure relief. ASIC is looking for feedback on six different legislative instruments that could ease advertising restrictions aimed at foreign markets. Read More […]

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Regulatory update – 4 July

Australian Securities and Investments Commission Regulator focused on Financial Advice. ASIC Commissioner Alan Kirkland says the advice and investment management sector needs to improve its practices. Read More Here. Managed investments guidance. ASIC has made updates to Regulatory Guide 132 Funds management: Compliance and oversight, and Regulatory Guide 136 Funds management: Discretionary powers.  Read More Here. More relief for reportable situations. After recent consultation, […]

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Regulatory update – 23 May

Australian Securities and Investments Commission Snaffle is alleged to have inflated prices. Snaffle, a consumer goods supplier,  is alleged to have overcharged for household goods and household appliances. Read More Here.    Resimac allegedly applies a ‘one size fits all’ approach to hardship cases.  ASIC alleges Resimac applied a blunt-edged approach to vulnerable customers and breached their obligations […]

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