Australia

Market Infrastructure

ASX Targets 2029 Delivery for CHESS Replacement Project

By Sanday Chongo Kabange | 28/11/2024

Release 1 (clearing services) will be delivered by 2026 and Release 2 (settlement and subregister services) in 2029.

ESG / Sustainability

Australian Investors Demand Greater Adaptation Action

By ESG Investor | 28/11/2024

New nature legislation and updated Modern Slavery Act are also key priorities ahead of 2025 federal elections.

APRA, ASIC Finds “Possible Gaps” in FAR Implementation by Banks

By Sanday Chongo Kabange | 27/11/2024

APRA and ASIC identified possible gaps in registration and notification lodgements made since the FAR commenced for the banking industry in March.

Fintech / Regtech

Australia Consults on Expanding CDR Regime to Non-Bank Lending

By Sanday Chongo Kabange | 27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

ASIC Updates Guidance to Support Reforms Under DBFO Act

By Thisanka Siripala | 26/11/2024

ASIC issued new and updated regulatory guidance in response to the DBFO Act, which was enacted to improve transparency and consumer protections in financial services.

ASIC Targets Death Benefit Claims Handling at Super Funds

By Sanday Chongo Kabange | 25/11/2024

ASIC issued notices on ten superannuation trustees requesting data and documents on their death benefit claims handling practices.

ESG / Sustainability

Australia Unveils Strategy to Modernise Sovereign Wealth Fund

By Thisanka Siripala | 24/11/2024

The government is refreshing and renewing the Future Fund to make it “stronger, more successful and more sustainable into the future”.

AML / KYC

Australia to Expand National Scheme on Unexplained Wealth

By Thisanka Siripala | 23/11/2024

The government tabled in Parliament its response to an independent review of the ‘National Cooperative Scheme on Unexplained Wealth’.

Crypto / Digital Assets

Australia Consults on Adopting Tax Reporting Framework for Crypto

By Nithya Subramanian | 22/11/2024

The consultation explores policy options, compliance timelines, and strategies to ensure transparency and tackle tax evasion in the crypto market.