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 under the Australian Credit License. Read More Here.
- Financial advice instruments to be remade into one. ASIC wants feedback from industry about making taking there financial instruments related to advice and making them into one instrument. Read More Here.
- Small business directors need to remember their obligations. After a poor report of the financial control for the period of 2023-2024, small business company directors are being reminded of their obligations. Read More Here.
Open Consultations
- Open Consultation: CS 18 Proposed remake of financial advice-related legislative instruments. Submit by 12 June 2025.
- Open Consultations: CS 19 Proposed remake of incidental retail cover legislative instrument. Submit by 16 June 2025.
Australian Prudential Regulation Authority
Open Consultations
- Open Consultation: Proposed changes to governance. Submit by 6 June 2025.
Office of the Australian Information Commissioner
- OAIC is finding new ways to protect children’s online privacy. To make sure that the Children’s Online Privacy Code works, the OAIC is seeking responses from children, young people and parents. Read More Here.
- There has been a big increase in data breach reports. The OAIC July to December 2024 report saw a 25 per cent increase in the mandatory breach reports. Read More Here.
The Australian Transaction Reports and Analysis Centre
- Fintel Alliance expanding to Tranche 2 entities. AUSTRAC CEO Brendan Thomas said that the Fintel Alliance, which started in 2017, had been successful and will be expanded to newly captured entities under the Tranche 2 amendments. Read More Here.
- Mercedes Benz Financial Services Australia raises compliance concerns. Mercedes Benz Services Australia has been ordered to appoint an external auditor due to concerns about its compliance with the AML/CTF. Read More Here.
- Cointree failed to submit SMRs. Digital currency exchange Cointree will have to pay over $75,000 in infringement notices after voluntarily disclosing it failed to submit SMRs. Read More Here.