Regulation in Motion: Australia's financial services regulation reform
Australia’s financial services sector is undergoing its most significant period of regulatory reform in decades. From payments modernisation and digital asset licensing to AML/CTF reforms and streamlining banking licensing, regulators and policymakers are reshaping the landscape.
Regulation in Motion will provide you with a quick pulse check on where things stand and what comes next.
Latest updates
ASIC reminder: no-action letter extended for digital assets
ASIC extended its class no-action position to support the transition to licensing for financial services providers involving digital asset financial products in Australia. The deadline for action is 30 September 2026.
Stored value cards: Government proposes lower AML/CTF limits
The Department of Home Affairs is consulting on lowering the monetary thresholds for AML/CTF obligations for stored value cards, to address emerging misuse and bring Australia closer to international standards. Submissions close 16 October 2026.
Enhanced Regulatory Sandbox review
The Government’s review of the Enhanced Regulatory Sandbox found it delivers some benefits but has significant limitations, recommending substantial reforms to better support financial innovation in Australia.
ASIC announces changes to NTA requirement
High Court confirms Australia's financial products laws apply broadly and are technology neutral, bringing greater clarity to digital asset regulation.
APRA consults on a more transparent bank licensing framework
APRA has released draft Licensing Criteria and Guidelines for locally incorporated ADIs, proposing a more transparent, timebound and effective pathway for applicants seeking authority to conduct banking business in Australia.
Implementation roadmap for digital asset regulation
ASIC has released its roadmap for implementing the new Digital Assets Framework, setting out its expected timeline and approach to consulting on new standards and guidance ahead of the April 2027 commencement date.
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