ASIC slashes red tape and calls for further regulatory simplification proposals

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A new report from ASIC reveals the agency has culled more than 9,240 pages of regulation since the beginning of the year as it calls for further ideas for regulatory... Read more continue reading

CPD: How to keep ASIC happy – FY 2025/26 edition

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Introduction For financial advisers in Australia, maintaining ongoing compliance is not only about avoiding penalties—it’s fundamental to preserving client trust, practice continuity, and professional standing. FY 2025/26 is shaping up as... Read more continue reading

ASIC plan underscores response to financial ecosystem threats

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New statistics detail a boost to ASIC’s investigation and enforcement activity as the agency outlines its focuses in the year ahead. ASIC Chair Joe Longo said the agency’s transformation with... Read more continue reading

ASIC urges life insurers to spearhead improvements to direct sales practices

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ASIC is calling on life insurance companies to step up their product, sales, and complaints handling practices as they look to expand direct sales to customers. In a detailed letter... Read more continue reading

ASIC to review superannuation investment requirements

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ASIC has commenced a targeted review that may help boost investment in property by Australia’s superannuation funds. The review will focus on requirements to disclose stamp duty payments in Regulatory... Read more continue reading

MLC response to Government’s retirement consultation

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“MLC welcomes the Australian Government’s release of the consultation papers on Best Practice Principles for Superannuation Retirement Income Solutions and the Retirement Reporting Framework. These papers represent a significant step... Read more continue reading

Enhancing competition and innovation in Australia’s evolving capital markets

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ASIC is taking significant steps to foster competition and innovation, creating more opportunities for companies and investors, and attracting more foreign capital to Australia. ASIC is in the final stages... Read more continue reading

Zurich welcomes Life Code review

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Zurich Financial Services Australia (Zurich) has welcomed the announcement by the Council of Australian Life Insurers (CALI) to formally review the Life Insurance Code of Practice (the Code). The Code... Read more continue reading

ASIC seeks feedback on proposed updates to conflicts management guidance

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ASIC has released proposed updates to its conflicts management guidance for financial services businesses. Regulatory Guide 181 Licensing: Managing conflicts of interest (RG 181) was last updated in August 2004. The proposed... Read more continue reading

ASIC sues Fortnum Private Wealth for allegedly failing to adequately manage cybersecurity risks

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ASIC is suing financial advice business Fortnum Private Wealth Limited alleging it failed to properly manage and mitigate cybersecurity risks. In proceedings filed in the NSW Supreme Court, ASIC alleges... Read more continue reading