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Regulatory

ASIC cannot afford to stand still: Longo

VINNY VUCAGO  |  MONDAY, 1 JUN 2026
Outgoing ASIC chair Joe Longo has used his final appearance before the Parliamentary Joint Committee on Corporations and Financial Services to defend the regulator's enforcement record while warning that funding constraints and rapid technological change ...

KPMG chief resigns after firm admits whistleblower probe fell short

RIDDHIMA TALWANI  |  MONDAY, 1 JUN 2026
KPMG Australia has admitted its treatment of a whistleblower and investigation into their allegations fell short of the firm's expectations, those of the whistleblower and the broader community.

We don't always vote in complainants' favour: AFCA

MATTHEW WAI  |  MONDAY, 1 JUN 2026
AFCA addressed a crowd of financial advisers at the MDS Self Licensing Summit 2026, busting the myth the ombudsman is always targeting them.

CSLR levy must be directed towards bad actors: Burgess

MATTHEW WAI  |  FRIDAY, 29 MAY 2026
In improving the sustainability of the CSLR, SMSF Association chief executive Peter Burgess says reform is needed for greater accountability around the distribution and production of managed investment schemes, instead of forcing a levy towards self-managed ...

ASIC flags stronger fintech collaboration

VINNY VUCAGO  |  THURSDAY, 28 MAY 2026
ASIC chair Joe Longo has signalled a more collaborative and innovation focused regulatory approach as artificial intelligence (AI), tokenisation and digital assets rapidly transform Australia's financial service sector.

Old settings for TPD 'no longer fit': APRA

RIDDHIMA TALWANI  |  THURSDAY, 28 MAY 2026
APRA executive director of superannuation, life and private health insurance Jane Magill said total and permanent disability insurance (TPD) in its current form is being tested by the sharp rise in mental health claims.

ASIC moves to extend managed investment scheme relief measures

VINNY VUCAGO  |  THURSDAY, 28 MAY 2026
The Australian Securities and Investments Commission (ASIC) has moved to extend relief measures applying to a range of managed investment schemes, proposing to remake six legislative instruments due to expire later this year.

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their online hardship notices during the relevant period.

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
Forrest has been re-sentenced to prison following his appeal for insider trading and procuring others to trade in more than $3 million of Platinum shares.

ATO sounds alarm as Payday Super deadline nears

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
The Australian Taxation Office has urged employers to act immediately ahead of the introduction of Payday Super on July 1, warning businesses have just five weeks remaining to prepare for one of the biggest changes to the superannuation system in years.