Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

Government backs Enhanced Regulatory Sandbox overhaul

VINNY VUCAGO  |  WEDNESDAY, 9 SEP 2026
The Federal Government has backed an overhaul of Australia's regulatory sandbox framework, agreeing to repeal the legislation underpinning the Enhanced Regulatory Sandbox (ERS) and replace it with a more flexible model designed to support financial innovation.

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
The looming passage of a major bill will amend how levies are collected under the Compensation Scheme of Last Resort (CSLR) and, in turn, speed up compensation payments to eligible victims.

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
ASIC has banned former Sequoia Financial Group managing director and chief executive Garry Crole for 10 years, following the events that unfolded under his leadership.

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
Treasury has released draft legislation on the minimum tax it is set to impose on discretionary trusts from 1 July 2028.

Mulino unveils Financial Innovation Strategy

ELIZA BAVIN  |  THURSDAY, 3 SEP 2026
Treasury is encouraging regulators to consider opportunities to develop targeted sandboxes in priority areas such as AI enabled financial services and digital financial market infrastructure.

ASIC and APRA move to streamline FAR

VINNY VUCAGO  |  THURSDAY, 3 SEP 2026
ASIC and APRA have begun consultation on proposed changes to the Financial Accountability Regime (FAR), with the regulators estimating the reforms could reduce reporting requirements for all accountable entities and about 4500 accountable people.

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
The corporate watchdog received around 9800 tip-offs of misconduct from the public in the first six months of the year.

AFCA consults on rule changes under upcoming scam framework

MATTHEW WAI  |  TUESDAY, 1 SEP 2026
The Australian Financial Complaints Authority (AFCA) is seeking feedback on proposed changes to consider scam-related complaints under the Scam Prevention Framework (SPF) that will come into effect early next year.

Macquarie board rejects KPMG as auditor

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
Macquarie's board has rejected KPMG as its auditor starting 2027 and will instead proceed with incumbent auditor PricewaterhouseCoopers (PwC).

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
The Australian Fiduciaries-linked APT Strategy has been reinstated as a member of the Australian Financial Complaints Authority (AFCA), paving the way for victims to come forward.