ASIC Annual Forum highlights
Highlights from ASIC’s Annual Forum 2024
ASIC seeks to regulate for all Australians
In his keynote opening address ASIC Chair Joe Longo noted that both the legal and regulatory landscape and laws and regulations themselves had become increasingly complex, making them hard for governments, regulators, business, and consumers alike to make sense of.
ASIC will look to collaborate with businesses, investors, and consumers to create a simpler, more effective, and more enforceable regulatory system.
Cost of living pressures a focus of ASIC’s new enforcement priorities
Deputy Chair Sarah Court has discussed ASIC’s observation that cost of living pressures are driving the increased risks consumers are facing. The regulator’s 2025 enforcement priorities she announced are intended to protect Australians from financial harm and target the people who try to take advantage of them.
Her opening remarks to the ASIC Annual Forum Enforcement session are also published in full on ASIC’s website.
ASIC’s case against Cbus reiterates reporting situation obligations
ASIC’s suing of Cbus is not just about alleged systemic claims handling failures. Cbus may have also failed to lodge a reportable situation report within the statutory time period and may have failed to take reasonable steps to ensure the breach report lodged did not contain materially false or misleading information.
What’s the go with ASIC and crypto?
ASIC has shared details of what happened at its inaugural Digital Assets Liaison Meeting (DALM), attended by more than 190 industry representatives online and in person at ASIC offices. The DALM has been established as a regular event to provide the digital assets industry with insights into ASIC’s strategic priorities and key projects, and give opportunity for Q&A.
ASIC is planning to hold the next DALM before the end of 2024, with new prospective attendees able to contact ASIC to be added to the invitation list or suggest topics they would like to hear about at future meetings.
October Corporate Publications
Access the regulators annual reports all in one place. We’ve collated them all, to make them easier for you.
Regulatory Policy Watch - October
Our rundown of what issues we’re keeping on our policy radar includes DDO, ESG and AML/CTF.
Regulatory Policy Watch
August 2024. Here’s a rundown of what issues we’re keeping on our policy radar.