Australia

Sanctions

Australia, UK, EU and Canada Tighten Sanctions on Russia

By Manesh Samtani | 18/06/2025

The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.

Securities / Derivatives

NZ’s FMA Consults on Class Exemption for Debt Security Buybacks

By Thisanka Siripala | 18/06/2025

The exemption would allow listed issuers to bypass certain unsolicited offer requirements, provided alternative disclosure obligations are met.

Enforcement

ASIC Rejects Licence Application by Debt Management Firm

By Thisanka Siripala | 18/06/2025

ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.

ESG / Sustainability

Australia Releases First National Sustainable Finance Taxonomy

By Thisanka Siripala | 17/06/2025

The taxonomy provides voluntary classification standards for green and transition investments across six high-emitting sectors.

Enforcement

ASIC Launches Inquiry into “Serious” Capability Failures at ASX

By Sanday Chongo Kabange | 16/06/2025

ASIC will examine ASX’s governance capability and risk management frameworks following repeated and serious failures.

ESG / Sustainability

IFRS Publishes Jurisdictional Profiles on ISSB Standards Adoption

By Manesh Samtani | 13/06/2025

The profiles show jurisdictional progress in adopting the ISSB standards, highlighting APAC’s commitment and diverse approaches.

Capital / Liquidity

APRA Consults on Revised Capital Framework for Annuity Products

By Thisanka Siripala | 13/06/2025

APRA seeks feedback on redesigned illiquidity premium and additional safeguards to support competitive pricing of annuity products.

AML / KYC

Australia: Ransomware Payment Reporting Requirement Now in Effect

By Thisanka Siripala | 13/06/2025

Businesses and critical infrastructure operators must report ransomware payments within 72 hours or face civil penalties.

ACCC Clears Allianz Takeover of RAA Insurance in Australia

By Thisanka Siripala | 13/06/2025

The ACCC said the deal is unlikely to substantially lessen competition in South Australia’s insurance market.