Bring ASIC’s relief-related guidance up to date, including:

• Regulatory Guide 21 How ASIC charges fees for relief applications (RG 21)
• Regulatory Guide 51 Applications for relief (RG 51)
• Regulatory Guide 108 No-action letters (RG 108), and
• Regulatory Guide 208 How ASIC charges fees for credit relief applications (RG 208)

Publish findings of the review into the use of artificial intelligence (AI) and advanced data analytics in the financial services and credit industries

Publish new and updated regulatory guides and information sheets in response to the reforms that the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 makes.

This will include a new information sheet on Financial Services Guides (replacing guidance in Section C of Regulatory Guide 175 Licensing: Financial product advisers—Conduct and disclosure (RG 175)), new guidance on ongoing fee arrangements and consents to deduct fees and costs under non-ongoing fee arrangements, and updated guidance in Regulatory Guide 246 Conflicted and other banned remuneration (RG 246).

Report

Update Information Sheet 225 Crypto-assets (INFO 225) to reflect the evolution of the digital assets landscape

Technical update to Regulatory Guide 274 Product design and distribution obligations (RG 274)

Updated regulatory guide

Technical updates to:

• Regulatory Guide 98 ASIC’s powers to suspend, cancel and vary AFS licences and make banning orders (RG 98)
• Regulatory Guide 100 Court enforceable undertaking (RG 100)

Update Regulatory Guide 236 Do I need an AFS licence to participate in carbon markets? (RG 236) and Information Sheet 156 Regulated emissions units: Applying for or varying an AFS licence (INFO 156) to reflect the development of safeguard mechanism units 

Updated regulatory guide and information sheet

Published Report 785 Better banking for Indigenous consumers (REP 785), which summarises the findings from a project that addressed fee harm experienced by low-income customers, including First Nations customers

Published Report 788 Credit card lending in Australia: Staying in control (REP 788), which summarises the findings from our review of credit card lending in Australia, looking at the practices of 13 lenders over 6 years

Update regulatory guides and information sheets to:

• include registrable superannuation entities and retail corporate collective investment vehicles (CCIVs) in the classes of entities subject to financial reporting obligations, and
• reflect some specific reporting obligations on those entities that have been inserted into corporations and superannuation legislation.

The documents to be updated include:

• Regulatory Guide 26 Resignation, removal and replacement of auditors (RG 26)
• Information Sheet 62 Removal of an auditor of a company (INFO 62)
• Information Sheet 64 Resignation and removal of auditors of registered scheme financial report or a compliance plan (INFO 64)
• Information Sheet 65 Resignation of an auditor of a public company (INFO 65), and
• Information Sheet 136 Complying with your trust account obligations as a credit licensee (INFO 136)

Publish a report that sets out the findings from our annual financial reporting and audit surveillance

Update regulatory guides to include registrable superannuation entities, including:

• Regulatory Guide 34 Auditor's obligations: Reporting to ASIC (RG 34), and
• Regulatory Guide 43 Financial reports and audit relief (RG 43)

Updated regulatory guides

Publish a report that sets out the findings from our review of a cohort of general insurers’ compliance with selected enforceable paragraphs in Regulatory Guide 271 Internal Dispute Resolution (RG 271)

Made ASIC Corporations (Amendment) Instrument 2024/664 which amended:    

• ASIC Corporations (Periodic Statement Relief for Quoted Securities) Instrument 2024/14 to remove the requirement to include specific fund performance information in periodic statements for exchange traded funds and quoted securities, and
• ASIC Corporations (Facilitating Electronic Delivery of Financial Service Disclosure) Instrument 2015/647 to facilitate the electronic notification of the availability of periodic statements

Publish a report on submissions in response to Consultation Paper 375 Proposed changes to the ASIC Derivative Transaction Rules (Reporting): Third consultation (CP 375)

Report on Submissions

Update the ASIC Derivative Transaction Rules (Reporting) 2024, after considering the feedback received on Consultation Paper 375 Proposed changes to the ASIC Derivative Transaction Rules (Reporting): Third consultation (CP 375)

Update Regulatory Guide 251 Derivative transaction reporting (RG 251), following amendments to the ASIC Derivative Transaction Rules (Reporting) 2024

Updated regulatory guide

Released Consultation Paper 379 ASIC CS Services Rules (CP 379) on proposed clearing and settlement services rules for competition in the clearing and settlement of cash equities (submissions close 10 September 2024)

Consult on proposed amendments to the ASIC Market Integrity Rules (Securities Markets) 2017 and ASIC Market Integrity Rules (Futures Markets) 2017 to:

• update rules relating to trading infrastructure, automated order processing (AOP), false or misleading appearances, and
• address emerging risks associated with the use of AI and machine learning in algorithmic trading

Consult on updates to guidance on market operators and participants’ arrangements for identifying critical business services and reporting a major event to ASIC. This will involve proposals to update:

• Regulatory Guide 172 Financial markets: Domestic and overseas operators (RG 172)
• Regulatory Guide 265 Guidance on ASIC market integrity rules for participants of securities markets (RG 265), and
• Regulatory Guide 266 Guidance on ASIC market integrity rules for participants of futures markets (RG 266)

Subject to consultation, amend the ASIC Market Integrity Rules (Securities Markets) 2017 and ASIC Market Integrity Rules (Futures Markets) 2017 to:

• update rules relating to trading infrastructure, automated order processing (AOP), false or misleading appearances, and
• address emerging risks associated with the use of AI and machine learning in algorithmic trading

Update corresponding guidance in:

• Regulatory Guide 172 Financial markets: Domestic and overseas operators (RG 172)
• Regulatory Guide 241 Electronic trading (RG 241)
• Regulatory Guide 265 Guidance on ASIC market integrity rules for participants of securities markets (RG 265), and
• Regulatory Guide 266 Guidance on ASIC market integrity rules for participants of futures markets (RG 266)

Update Regulatory Guide 217 Duty to prevent insolvent trading: Guide for directors (RG 217) after considering feedback received on Consultation Paper 372 Guidance on insolvent trading safe harbour provisions: Update to RG 217 (CP 372)

Updated regulatory guide

Publish an information sheet about requesting eligible applicant authorisation   

Information sheet

Consult on a new regulatory guide about ASIC’s power to appoint reviewing liquidators

Consultation paper

Publish a new regulatory guide about ASIC’s power to appoint reviewing liquidators

Regulatory guide

Update Regulatory Guide 242 ASIC’s power to wind up abandoned companies (RG 242) to include the proposed winding up on public benefit grounds

Updated regulatory guide

Publish joint ASIC–APRA update about industry progress on implementing the recommendations of Report 766 Implementation of the retirement income covenant: Findings from the APRA and ASIC thematic review (REP 766)

Report

Amend ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 to reflect the change to the nominal wage growth rate in Treasury’s 2023 Intergenerational Report

Amended legislative instrument

Update Regulatory Guide 276 Superannuation forecasts: Calculators and retirement estimates (RG 276) to align with changes made to ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603

Updated regulatory guide

Publish a report that summarises the findings from our review of how superannuation fund member services handle death benefits claims

Report

Publish findings from our review of the scam prevention, detection and response activities of selected superannuation trustees

Findings