Australia

Enforcement

ASIC Launches Inquiry into “Serious” Capability Failures at ASX

By Sanday Chongo Kabange | 16/06/2025

ASIC will examine ASX’s governance capability and risk management frameworks following repeated and serious failures.

ESG / Sustainability

IFRS Publishes Jurisdictional Profiles on ISSB Standards Adoption

By Manesh Samtani | 13/06/2025

The profiles show jurisdictional progress in adopting the ISSB standards, highlighting APAC’s commitment and diverse approaches.

Capital / Liquidity

APRA Consults on Revised Capital Framework for Annuity Products

By Thisanka Siripala | 13/06/2025

APRA seeks feedback on redesigned illiquidity premium and additional safeguards to support competitive pricing of annuity products.

AML / KYC

Australia: Ransomware Payment Reporting Requirement Now in Effect

By Thisanka Siripala | 13/06/2025

Businesses and critical infrastructure operators must report ransomware payments within 72 hours or face civil penalties.

ACCC Clears Allianz Takeover of RAA Insurance in Australia

By Thisanka Siripala | 13/06/2025

The ACCC said the deal is unlikely to substantially lessen competition in South Australia’s insurance market.

Enforcement

ASIC Bans ex-Financial Adviser for 10 Years Over Crypto Scam

By Thisanka Siripala | 13/06/2025

ASIC says Rogan misled clients into investing in a fraudulent cryptocurrency platform while posing as a licensed adviser.

Market Infrastructure

ASX Confirms Plan to Replace TradeAccept System in 2026

By Thisanka Siripala | 13/06/2025

Most proposals from a March 2025 consultation will proceed as planned. ASX made some technical adjustments to address feedback.

Enforcement

ASIC Sues Australian Unity for Failing to Screen Fund Investors

By Thisanka Siripala | 13/06/2025

ASIC alleges Australian Unity issued fund interests to retail investors without verifying if they were within the product’s defined target market.

Crypto / Digital Assets

Australia: Four Arrested Over Multimillion-Dollar Crypto Laundering Scheme

By Thisanka Siripala | 13/06/2025

Security company used armoured cash transport services and other legitimate businesses to mix illicit and legitimate funds before converting them into crypto.