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Australia
ASIC Urged to Enhance Oversight of Company Auditors
By Sanday Chongo Kabange | 10/12/2025
National audit office finds ASIC's supervision lacks depth, with recommendations for a major overhaul of its risk-based approach.
Market Infrastructure
APRA Proposes Easing Operational Risk Rules for Key Service Providers
By Sanday Chongo Kabange | 10/12/2025
The consultation seeks to exempt firms from some contractual requirements in CPS 230 for non-negotiable, market-mandated provider arrangements.
ASIC Publishes "Catalogue" of Obligations for Private Credit Funds
By Sanday Chongo Kabange | 10/12/2025
ASIC has published a new catalogue outlining key legal obligations for retail and wholesale private credit fund operators.
Crypto / Digital Assets
ASIC Finalises Licensing Relief for Stablecoin, Wrapped Token Intermediaries
By Sanday Chongo Kabange | 10/12/2025
New class relief exempts intermediaries from separate licensing and permits omnibus accounts for digital asset custody, building on earlier measures.
Enforcement
ASIC Sues Diversa Trustees Over First Guardian Super Fund Collapse
By Sanday Chongo Kabange | 10/12/2025
ASIC alleges major due diligence and monitoring failures by the superannuation trustee, seeking penalties and member compensation.
Enforcement
CBA Pays Record Penalty for Breaching Consumer Data Right Rules
By Sanday Chongo Kabange | 10/12/2025
The penalty comes after CBA failed to enable data sharing for some business accounts, forcing customers to use less secure workarounds.
Sanctions
Australia Introduces ‘World-First’ Autonomous Sanctions Framework for Afghanistan
By Sanday Chongo Kabange | 10/12/2025
The new framework was established in response to ongoing oppression and the undermining of the rule of law since the Taliban took control of Afghanistan in 2021.
Enforcement
Australia Examines Misuse of AI and Exam Cheating by Auditors
By Sanday Chongo Kabange | 09/12/2025
Government officials are reviewing Deloitte's contracts and questioning KPMG over AI's role in exam cheating that was not reported to ASIC.
Crypto / Digital Assets
Australia, New Zealand to Align on Financial Regulation, Insurance Access
By Sanday Chongo Kabange | 08/12/2025
Australian and New Zealand ministers have agreed to coordinate on payment systems and digital assets, and will establish a working group on insurance accessibility.
ASIC Extends Transitional Relief for Foreign Financial Firms
By Sanday Chongo Kabange | 07/12/2025
The 12-month extension provides certainty as the government prepares a new licensing exemption regime for foreign financial services providers.
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