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ASIC has cancelled the Australian financial services (AFS) licence of contracts for difference (CFD) issuer Trive Financial Services Australia Pty Ltd (Trive), effective 1 July 2026.

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The Australian Prudential Regulation Authority (APRA) has released for consultation a number of minor updates to the prudential and reporting framework for authorised deposit-taking institutions (ADIs), general, life and private health insurers and registrable superannuation entity (RSE) licensees.

This consultation is part of the minor framework update process, intended to ensure technical and clarifying changes to the prudential framework can be made in a timely manner. The proposed amendments are primarily technical clarifications and do not present any material change in policy settings.

Submissions are requested to be provided no later than 21 August 2026.

The letter to ADIs, insurers and RSE licensees, draft standards and draft guidance are available on the APRA website at: Minor updates to the prudential framework

ASIC has cancelled the Australian financial services (AFS) licence of CAIP Services Pty Ltd effective from 8 July 2026.  

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The Australian Prudential Regulation Authority (APRA) has published additional guidance on reporting points of presence collection.

The guidance clarifies how ADIs should report co‑located service channels to support consistent and comparable data across the industry.

Information regarding the guidance can be found on the APRA website through the following links:

• Guidance on points of presence reporting for co‑located face‑to‑face service channels
• Authorised deposit taking institutions points of presence – frequently asked questions

The Australian Prudential Regulation Authority (APRA) has finalised amendments to the general insurance reinsurance framework to improve access to alternative reinsurance arrangements while protecting policyholder interests. The reforms also deliver APRA’s fourth completed commitment under its ‘Getting the Balance Right’ agenda, reducing regulatory burden for industry.

The amendments will ensure the prudential framework remains fit for purpose as market conditions and reinsurance practices evolve. They also reflect APRA’s recognition of the importance of enabling insurers to manage risk effectively and meet capital requirements.

APRA began its review of the general insurance reinsurance framework in 2024 and has undertaken two rounds of consultation with industry to seek feedback and refine the proposals in response to stakeholder input.

APRA Member Suzanne Smith said: “The amendments modernise the prudential framework and give insurers greater flexibility to access reinsurance arrangements, while maintaining appropriate safeguards for policyholders. They also reduce regulatory burden and make the framework more efficient as reinsurance markets evolve.”

The final prudential standards, reporting standards and guidance will come into effect on 1 January 2027.

The key changes to the framework outlined in APRA’s response paper include:

• Targeted adjustments to improve access to alternative reinsurance arrangements;
• An expanded role for the appointed actuary in determining the capital treatment of certain reinsurance arrangements, reducing the need to refer matters to APRA; and
• Technical refinements to improve clarity, consistency and transparency across the general insurance framework.

APRA’s response paper and the final prudential standards, reporting standards and guidance are available at: Targeted adjustments to the general insurance reinsurance framework

The Federal Court has ordered ASX Limited to pay a $20.5 million penalty for its misleading statement about the progress of its CHESS replacement project.

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ASIC has cancelled the Australian Financial Services (AFS) licence of Capital Guard AU Pty Ltd (Capital Guard) after finding that it had engaged in dishonest conduct including the selling of a fake bond and providing false documents to its auditor.

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ASIC has made interim stop orders against two products offered under the Australian Fixed Income Fund operated by Stratfund Limited to protect consumers from acquiring products that may not be suitable for their financial objectives, situation, or needs.

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The Australian Prudential Regulation Authority (APRA) has released its response to consultation on proposed updates to the section 57 non-confidentiality determination supporting publication of aggregated statistics from the National Claims and Policies Database (NCPD). The response outlines APRA’s final position and next steps, including implementation of a refreshed publication format.

APRA will proceed with the agreed changes in accordance with the timelines set out in the response.

The response and supporting materials are available on the APRA website: NCPD non-confidentiality determination and refreshed publication format

The Australian Prudential Regulation Authority (APRA) Chair John Lonsdale today paid tribute to Deputy Chair Margaret Cole who finishes her term at APRA today.

Mr Lonsdale said Ms Cole has made a significant contribution to APRA over her five-year term through her prudential oversight of the systemically significant superannuation industry and for strengthening APRA’s enforcement work.

“Through her work at APRA, Margaret has made a positive impact on the superannuation industry and the retirement outcomes of Australians.

“On behalf of APRA, I thank Margaret for her many contributions and wish her all the best for the future,” Mr Lonsdale said.

APRA expects the Australian Government to make an announcement about the APRA Deputy Chair recruitment process in due course.

The Australian Prudential Regulation Authority (APRA) has published the findings of its inaugural System Risk Stress Test, which focused on links between the banking and superannuation systems.

The exercise was conducted in 2025 with the four major banks and six large superannuation funds, and examined how a hypothetical “severe but plausible” shock might impact the financial system.

Although APRA has long operated an extensive industry-based stress testing program, this was the first time APRA has run a stress test examining how connections between different sectors could amplify or dampen risks.

For the inaugural System Risk Stress Test, APRA asked participating institutions to model a scenario involving liquidity pressures exceeding any experienced by large Australian banks over the past 50 years. The stress applied to superannuation funds was similarly severe, with member withdrawals and switching significantly surpassing levels observed during COVID-19. Adding additional complexity, the scenario incorporated an operational disruption at a material service provider.

The findings highlighted the resilience of Australia’s financial system to liquidity and market shocks, with all participating institutions able to withstand the shock and rebuild liquidity over the test period.

They also demonstrated the constructive role the superannuation sector can play as a stabilising force for the banking sector.

Other key findings included:

• The test highlighted system vulnerabilities that could amplify stress events, such as concentration risks, mismatched behavioural assumptions and common dependencies on major service providers.
• The response of superannuation funds to stress events can materially affect their members, banks and financial markets. For example, when an individual bank is under liquidity pressure, superannuation funds’ withdrawal of funding can amplify the liquidity stress. However, in a broader downturn and solvency stress, superannuation funds’ willingness to provide equity capital to banks illustrates their ability to dampen risk and support financial stability.
• Some vulnerabilities in the system are likely to increase as the superannuation system grows and matures. Decisions by a small number of large funds could have outsized and more consequential effects across the system. As more members move into retirement, this will increase demands on liquidity and funds’ response capabilities to meet pension payments and member withdrawals.
• Better entity preparedness for stress events across industries will make the financial system stronger. The test found superannuation funds need to uplift their capabilities to test severe stress commensurate with the sector’s greater systemic footprint. It also highlighted areas where banks – which have more experience with liquidity stress testing – can uplift their capabilities.

APRA Chair John Lonsdale said the System Risk Stress Test had produced valuable insights that would inform APRA’s policy and supervision priorities.

“As our financial system becomes more interconnected, decisions made in one part of the system not only impact other financial institutions in the same sector, but those in different sectors as well as service providers.

“With superannuation expected to keep growing its share of the financial system in coming years, it’s essential we gain deeper insights into how super funds are likely to respond to a severe stress event – and how their decisions may impact other parts of the financial system.

“The findings of the stress test demonstrate the ability of our banks and superannuation funds to respond to financial stress and operational disruption. However, they also highlight areas where banks and super funds will need to invest more effort to further build up their resilience.

“APRA will use the findings to inform proposed amendments to bank liquidity requirements that we will consult on within the next 12 months, as well as core supervisory activities for banks and super funds. Additionally, they reinforce the importance of the work we are doing on material service provider arrangements in relation to operational risk management,” Mr Lonsdale said.

The full findings of the System Risk Stress Test are available on the APRA website at: System Risk Stress Test

ASIC will today gather market and financial services leaders in a push to bolster competitiveness in Australia’s capital markets, after new research finds Australia needs to move quickly or be left behind as other jurisdictions adopt financial market innovation at speed.

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The Supreme Court of New South Wales has found that Regional Express Holdings Limited (Rex) breached its continuous disclosure obligations over a 28 February 2023 profit forecast.

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The public register allows the public to verify if a VASP is registered with AUSTRAC before using its services.

The register lists all VASPs registered and regulated in Australia. It improves transparency, helps people identify legitimate businesses and supports Australia’s effort to combat money laundering, terrorism financing and other serious crimes. It also brings Australia in line with international standards.

Who needs to be registered

You may need to register with AUSTRAC if your business provides any of the following designated virtual asset services:

• exchange virtual assets for money (and vice versa), or make arrangements for this type of exchange
• exchange virtual assets for virtual assets, or make arrangements for this type of exchange
• provide a virtual asset safekeeping service
• accept instructions to transfer virtual assets on behalf of customers or make transferred virtual assets available to customers
• provide financial services in connection with the offer or sale of a virtual asset where the business is participating in the offer or sale.

Since 2018, AUSTRAC has regulated VASPs to ensure they meet ongoing regulatory requirements. The public register provides a simple way to verify whether a provider is registered and operating under AUSTRAC’s oversight. Similar to our remittance sector register(external link), it helps people identify legitimate providers and reduces the risk of financial crime.

All virtual asset businesses must be registered with AUSTRAC before they can offer these services in Australia.

AUSTRAC may:

• cancel a registration if there are reasonable grounds to believe the person or business is no longer carrying on a VASP service
• suspend, cancel or refuse to renew a registration if a business poses an unacceptable risk of money laundering, terrorism financing, people smuggling or other serious crime.

AUSTRAC encourages inactive virtual asset businesses to voluntarily withdraw their registrations, rather than risk having them cancelled.

Find out more about the register