Australia

Data Privacy

Australia Proposes Major Overhaul of CDR and Digital ID Standards Process

By Sanday Chongo Kabange | 01/05/2026

The proposals aim to create a more predictable, transparent, and less burdensome standards development lifecycle for regulated entities.

Structural Regulation

Australia's FAAA Seeks Overhaul of 'Financial Adviser' Classification

By Sanday Chongo Kabange | 01/05/2026

An industry body has urged the national statistics agency to differentiate between retail and wholesale advisers, citing significant regulatory and educational differences that impact policy data.

Payments & Settlements

Australia Consults on Draft Vision for Account-to-Account Payments

By Sanday Chongo Kabange | 30/04/2026

Industry roundtable released a draft strategic vision for A2A payments, seeking feedback on long-term objectives and system characteristics to guide future development.

Operational Risk

Australia Finalises Targeted Amendments to Operational Risk Framework

By Sanday Chongo Kabange | 30/04/2026

The amendments provide limited relief from specific contractual requirements for arrangements with providers like central banks and financial market infrastructures.

AI Risk & Governance

APRA Demands ‘Step-Change’ in AI Risk Management

By Sanday Chongo Kabange | 30/04/2026

The regulator has warned that firms' governance, risk management and assurance practices are failing to keep pace with the rapid adoption of AI.

Anti-Money Laundering

Australia Police Charges Accountant Amid Widening Mortgage Fraud Probe

By Sanday Chongo Kabange | 29/04/2026

An accountant has been charged over alleged links to a money laundering syndicate, as Australian authorities probe an estimated AUD 3 billion in fraudulent loans.

Stablecoins

Regulated Australian Stablecoin AUDM Lists on Global Exchange OKX

By Editors | 28/04/2026

The listing aims to create a new local currency liquidity layer, challenging the dominance of USD-based stablecoins in Australia.

Stablecoins

KuCoin Launches Mastercard-Linked Crypto Card Under AFSL Regime

By Sanday Chongo Kabange | 27/04/2026

The launch, enabled by a partnership with principal Mastercard member Immersve, follows Kucoin's 2025 AUSTRAC registration and operates within the AFSL framework.

Credit Risk

Australian Court Fines Non-Bank Lender AUD 1.55 Million for Law Breaches

By Sanday Chongo Kabange | 27/04/2026

The penalty follows a court finding that the non-bank lender failed to properly assess the living expenses of vulnerable car loan applicants, undermining responsible lending laws.