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Australia
Enforcement
ASIC Rejects Licence Application by Debt Management Firm
By Thisanka Siripala | 18/06/2025
ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.
ESG / Sustainability
Australia Releases First National Sustainable Finance Taxonomy
By Thisanka Siripala | 17/06/2025
The taxonomy provides voluntary classification standards for green and transition investments across six high-emitting sectors.
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.
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