Regulatory tracker 2020
Items in this weekly tracker are listed in reverse chronological order.
听
Week beginning 21 December 2020
| Date | Regulatory document | Description | 听AGLS subject |
| 24/12/2020 | RG 134 Funds management: Constitutions (updated) | Technical amendments to correct paragraph numbering at paras RG 134.38 and RG 134.140. | Funds management |
| 24/12/2020 | RG 3 AFS Licensing Kit: Part 3 鈥� Preparing your additional proofs (reissued) | Incorporates the C12 proof, Insurance Claims Handling and Settling Service Statement. The proof will help applicants prepare an application for an AFS licence (or for a licence variation) authorising them to provide an insurance claims handling and settling service. Applicants can apply from commencement of the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (commencing 1 January 2021). | Financial services听 |
| 22/12/2020 | REP 677 Audit inspection report: 1 July 2019 to 30 June 2020
REP 678 Audit quality measures, indicators and other information: 2019鈥�20 See also reports on six largest audit firms: REP 679 (BDO firms in Australia) REP 680 (Deloitte Touche Tohmatsu Australia) REP 681 (Ernst & Young Australia) REP 682 (Grant Thornton Audit Pty Ltd) REP 683 (KPMG Australia) REP 684 (PricewaterhouseCoopers) |
ob体育 has reported on the results from its audit firm inspections for the 12 months to 30 June 2020 and has released a supplementary report of audit quality measures, indicators and other information: see 20-336MR | Financial reporting |
听
Week beginning 14 December 2020
| Date | Regulatory document | Description | AGLS subject |
| 16/12/2020 | (PDF 629 KB)
(PDF 435 KB) |
ob体育 is seeking further feedback on proposed requirements for internal dispute resolution data reporting following 础厂滨颁鈥檚 earlier consultation through Consultation Paper 311 Internal dispute resolution: Update to RG 165 (CP 311) published 15 March 2019: see 20-327MR | Financial services听 |
| 16/12/2020 | RG 96 Debt collection guideline: for collectors and creditors (reissued) | Commonwealth consumer protection laws apply. Technical updates have been made to reflect:
See also (PDF 853 KB) on |
Credit |
| 15/12/2020 | REP 676 Review of school banking programs | Sets out the key findings from a review undertaken by ob体育 to determine the benefits and risks of school banking programs: see 20-324MR | Consumer Insights and Communications |
| 14/12/2020 | REP 675 Default insurance in superannuation: Member value for money | Shares insights from 础厂滨颁鈥檚 work on metrics for measuring the value for money that members receive from default insurance offered through superannuation: see 20-323MR | Financial services |
听
Week beginning 7 December 2020
| Date | Regulatory document | Description | AGLS subject |
| 11/12/2020 | RG 274 Product design and distribution obligations (new)
ob体育 Corporations (Design and Distribution Obligations鈥擡xchange Traded Products) Instrument REP 674 Response to submissions on CP 325 Product design and distribution obligations |
Provides guidance on design and distribution obligations passed by the Australian Parliament in 2019 requiring firms to design financial products to meet the needs of consumers, and to distribute their products in a more targeted manner: see 20-320MR | Financial services |
| 11/12/2020 | RG 160 Time-sharing schemes (reissued)
ob体育 Corporations (Amendment) Instrument ob体育 Corporations (Amendment) Instrument |
Provides guidance on the existing regulation of time-sharing schemes, new requirements and updated legislative instruments: see 20-321MR | Funds management |
| 10/12/2020 | RG 246 Conflicted and other banned remuneration (reissued) | Technical updates to reflect:
See 20-318MR |
|
| 7/12/2020 | ob体育 Corporations (Amendment and Repeal) Instrument | Extends the relief in ob体育 Class Order [] Deferral of choice product dashboard and portfolio holdings disclosure regimes from portfolio holdings disclosure (PHD) requirements in section 1017BB(1) of the Corporations Act and repeals redundent paragraphs and definitions. It also repeals expired ob体育 Class Order []: see 20-315MR | Financial services |
| 7/12/2020 | ob体育 Market Integrity Rules (Securities Markets) Determination
ob体育 Market Integrity Rules (Securities Markets) Repeal Instrument |
Maintains ob体育's policy of determining allocation of Tier 1 and Tier 2 Equity Market Products, commencing 13 January 2021. Repealed: Determination (replaced by听 Determination ) |
Financial markets |
听
Week beginning 30 November 2020
| Date | Regulatory document | Description | AGLS subject |
| 3/12/2020 | CP 335 Consumer remediation: Update to RG 256 | Seeks feedback on the key issues ob体育 has identified for updating RG 256听Client review and remediation conducted by advice licensees: see 20-308MR and Making it right: How to run a consumer centred remediation (PDF 2.47 MB) | Financial services |
| 30/11/2020 | INFO 252 Managing conduct risk during LIBOR transition (new) | Sets out practical guidance that Australian entities can adopt to manage conduct risk during the London Interbank Offered Rate (LIBOR) transition: see 20-304MR | Financial markets |
听
Week beginning 23 November 2020
| Date | Regulatory document | Description | AGLS subject |
| 27/11/2020 | CP 334 Proposed changes to simplify the ob体育 Derivative Transaction Rules (Reporting): First consultation
(Word 146 KB) |
Sets out ob体育's first proposals to amend the ob体育 Derivative Transaction Rules (Reporting) 2013 made under s901A of the Corporations Act. | Financial markets |
| 27/11/2020 | (PDF 644 KB)
(PDF 90 KB) |
Released to give persons providing claims handling and settling services as much time as possible to consider whether they need to obtain (or vary) an AFS licence, and if so, what they will need to do, when the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 passes the Australian Parliament: see 20-300MR | Financial services听 |
| 25/11/2020 | INFO 129 National credit laws and book up: What you need to know (reissued)
INFO 213 Marketplace lending (peer-to-peer lending) products (reissued) |
Information sheets related to consumer credit have been updated to:
|
Credit |
| 25/11/2020 | ob体育 Corporations (Amendment) Instrument | Amends the following instruments to extend financial reporting relief to account for the ongoing impacts of the COVID-19 pandemic:
See 20-276MR (issued 11/11/2020) |
Companies |
| 24/11/2020 | ob体育 (Supervisory Cost Recovery Levy鈥擜nnual Determination) Instrument
ob体育 (Supervisory Cost Recovery Levy鈥擱egulatory Costs) Instrument |
Specifies:
|
Dealing with ob体育 |
| 23/11/2020 | INFO 80 How to interpret ob体育 insolvency statistics (reissued) | Technical amendments to clarify that quarterly registered liquidator statistics include gender and years of registration; and Series 4 statistics updated.听 | Companies |
听
Week beginning 16 November 2020
| Date | Regulatory document | Description | AGLS subject |
| 20/11/2020 | REP 673 Consumer engagement in insurance in super | Presents findings from research exploring the experiences of superannuation fund members, who were not using a financial adviser and directly contacted their fund to make enquiries about or make changes to their insurance arrangements: see 20-293MR | Financial services |
| 20/11/2020 | INFO 251 AFS licensing requirement for trustees of unregistered managed investment schemes (new)
RG 36 Licensing: Financial product advice and dealing (updated) |
Provides guidance on the application of the exemptions in s911A(2)(a) and 911A(2)(b) of the Corporations Act to trustees issuing, varying or disposing of interests in unregistered managed investment schemes that are financial products, and notes added to RG 36 at paras RG 36.63 and RG 36.64 to refer to INFO 251. | Funds management |
| 19/11/2020 | CP 333 Implementing the Royal Commission recommendations: Reference checking and information sharing | Seeks feedback on ob体育's proposed approach to implementing aspects of the law reform arising from Royal Commission Recommendations 1.6 and 2.7. These recommendations relate to the reference checking and information sharing protocol for financial advisers and mortgage brokers: see 20-291MR | Financial services |
| 17/11/2020 | CP 332 Promoting access to affordable advice for consumers | Seeks information from financial advice industry participants and other stakeholders on impediments to the delivery of good-quality affordable personal advice, particularly access to quality 'limited advice': see 20-285MR | Financial services |
| 16/11/2020 | REP 672 Buy now pay later: An industry update | Sets out 础厂滨颁鈥檚 key observations about the buy now pay later industry, the experiences of consumers and recent regulatory developments: see 20-280MR | Credit |
Week beginning 9 November 2020
| Date | Regulatory document | Description | AGLS subject |
| 11/11/2020 | REP 671 Licensing and professional registration activities: 2020 update | Annual report for AFS licensees, credit licensees, lawyers, application service providers and professionals working in financial services that are interested in the licensing and professional registration functions of ob体育, inlcuding the impact of COVID-19: see 20-275MR | Financial services
听 |
| 10/11/2020 | 听Addendum to CP 330 | Seeks further feedback on ob体育's proposed use of its product intervention powers to address significant detriment in relation to continuing credit contracts: see 20-274MR, CP 330 and draft instrument | Credit |
听
Week beginning 26 October 2020
| Date | Regulatory document | Description | AGLS subject |
| 30/10/2020 | ob体育 Market Integrity Rules (Securities Markets) Class Waiver Amendment Instrument | Amends ob体育 Market Integrity Rules (Securities Markets) Class Waiver | Financial markets |
| 27/10/2020 | ob体育 Market Integrity Rules (Securities Markets) Class Waiver Instrument | Waives Market Participants of securities markets from certain obligations in Part 2.4 of the | Financial markets |
Week beginning 19 October 2020
| Date | Regulatory document | Description | AGLS subject |
| 23/10/2020 | ob体育 Annual Report 2019鈥�20 | Record of 础厂滨颁鈥檚 activities and performance for 2019鈥�20, including its response to the COVID-19 pandemic: see 20-255MR | Dealing with ob体育 |
| 23/10/2020 | ob体育 Corporations (Product Intervention Order鈥擟ontracts for Difference) Instrument | Imposes conditions on the issue and distribution of contracts for difference (CFDs) to retail clients: see (PDF 182 KB) and 20-254MR | Financial services |
| 22/10/2020 | RG 6 Takeovers: Exceptions to the general prohibition (reissued)
RG 111 Content of expert reports (reissued) |
Updated to formalise ob体育's policy on when we will give Chapter 6 relief for share transfers under s444GA of the Corporations Act: see REP 670 and 20-253MR | Takeovers |
| 22/10/2020 | INFO 101
(reissued) |
Information sheets related to consumer credit have been updated to:
|
Credit |
| 22/10/2020 | RG 204 Applying for and varying a credit licence (reissued) | Internal dispute resolution requirements updated to reflect the release of RG 271. Licence application fees information also updated. | Credit |
| 20/10/2020 | INFO 210 Unfair contract term protections for consumers (reissued)
INFO 211 Unfair contract term protections for small businesses (reissued) |
Updated to provide information about how unfair contract term protections will apply to insurance contracts from 5 April 2021: see 20-248MR | Financial services听
Other entities |
Week beginning 12 October 2020
| Date | Regulatory document | Description | AGLS subject |
| 16/10/2020 | ob体育 Credit (Amendment) Instrument | Amends ob体育 Credit (Deferral of Mortgage Broker Obligations) Instrument to extend the deferral to benefits paid in relation to credit services provided before 1 January 2021. | Credit |
Week beginning 28 September 2020
| Date | Regulatory document | Description | AGLS subject |
| 29/9/2020 | ob体育 Regulated Foreign Markets Determination (Amendment) Instrument | Amends ob体育 Regulated Foreign Markets Determination [] to update the list of Regulated Foreign Markets. | Financial markets |
| 29/9/2020 | ob体育 Corporations (Amendment) Instrument | Amends ob体育 Corporations (Derivative Transaction Reporting Exemption) Instrument | Financial markets |
| 28/9/2020 | RG 97 Disclosing fees and costs in PDSs and periodic statements (reissued)
ob体育 Corporations (Amendment) Instrument |
Amended to clarify that when the total amount of administration fees and costs for a superannuation product includes an amount that applies regardless of the balance, issuers must disclose that amount separately. | Financial services |
| 28/9/2020 | ob体育 Credit (Notice Requirements for Unlicensed Carried Over Instrument Lenders) Instrument
ob体育 Credit (Electronic Precontractual Disclosure) Instrument ob体育 Credit (Repeal) Instrument |
Remakes sunsetting Class Orders [] and [] relating to credit: see 20-225MR | Credit |
Week beginning 21 September 2020
| Date | Regulatory document | Description | AGLS subject |
| 25/9/2020 | ob体育 Corporations (Amendment) Instrument | Amends ob体育 Corporations (COVID-19 鈥� Distribution of Debit Cards) Instrument to extend the relief granted for issuance of debit cards until 31 December 2020. | Financial services |
| 24/9/2020 | ob体育 Corporations (Stub Equity in Control Transactions) Instrument
REP 669 Response to submissions on CP 312 Stub equity in control transactions RG 9 (reissued) RG 60 (reissued) |
Modifies the Corporations Act to prevent stub equity offers of scrip in a proprietary company being made to large numbers of retail target holders in takeover bids and schemes of arrangement: see 20-222MR | Companies |
| 22/9/2020 | REP 666 ob体育 Enforcement Update: January to June 2020 | 础厂滨颁鈥檚 overview of enforcement outcomes, priorities and cases during the period 1 January 2020 to 30 June 2020, including the impact of the COVID-19 pandemic: see 20-217MR | Dealing with ob体育 |
| 22/9/2020 | REP 668 Allocations in debt capital market transactions | Outlines findings from 础厂滨颁鈥檚 surveillance of market practices in debt capital market transactions and sets out better practice guidelines: see 20-219MR | Financial services听 |
| 22/9/2020 | ob体育 Corporations (Amendment) Instrument | Amends ob体育 Corporations (Disclosure of Fees and Costs) Instrument to clarify the intended operation of an aspect of the fees and costs disclosure regime applying to superannuation products. | Financial services |
Week beginning 14 September 2020
| Date | Regulatory document | Description | AGLS subject |
| 18/9/2020 | ob体育 Corporations (Amendment) Instrument | Extends the end dates for three COVID-19 related instruments applying to capital raisings and financial advice:
See 20-220MR |
Financial services |
听
Week beginning 7 September 2020
| Date | Regulatory document | Description | AGLS subject |
| 11/9/2020 | ob体育 Market Integrity Rules (Securities Markets) Determination
ob体育 Market Integrity Rules (Securities Markets) Repeal Instrument |
Maintains ob体育's policy of determining allocation of Tier 2 equity market products, commencing 12 October 2020.
Repealed: Determination (replaced by Determination ) |
Financial markets |
| 10/9/2020 | ob体育 Corporations and Credit (Repeal) Instrument | Repeals ob体育 Corporations (Concept Validation Licensing Exemption) Instrument and ob体育 Credit (Concept Validation Licensing Exemption) Instrument : see 20-195MR, and Enhanced regulatory sandbox webpage | Technology |
Week beginning 31 August 2020
| Date | Regulatory document | Description | AGLS subject |
| 31/8/2020 | ob体育 Corporate Plan 2020鈥�2024 | Outlines our five strategic priorities over the next four years to address the impact of the COVID-19 pandemic and longer term threats and harms in our regulatory environment: see 20-202MR | Dealing with ob体育 |
| 31/8/2020 | RG 217 Duty to prevent insolvent trading: Guide for directors (reissued) | Minor update to remove obsolete language relating to 鈥榗heques鈥�, update the meaning of 鈥榚xternal administrator鈥� and 鈥榬egistered liquidator鈥� in the key terms, and update pecuniary penalties to account for . | Companies |
听
Week beginning 24 August 2020
| Date | Regulatory document | Description | AGLS subject |
| 27/8/2020 | ob体育 Corporations (Amendment) Instrument
ob体育 Corporations (IPO Communications) Instrument RG 5 (reissued) RG 254 (reissued) REP 667 Response to submissions on CP 328 Initial public offers: Relief for voluntary escrow arrangements and pre-prospectus communications |
Relief to help reduce red tape for companies undertaking an initial public offer: see 20-198MR听
Amended: Class Order |
Fundraising |
| 26/8/2020 | ob体育 Corporations (Hardship Withdrawals Relief) Instrument
INFO 249 Frozen funds 鈥� Information for responsible entities (new) RG 136 (revised) NOTE: INFO 159 Your investments: Frozen funds and hardship payments has been withdrawn |
Provides updated guidance on new relief measures for operators of frozen funds to facilitate withdrawals by members facing financial hardship during the COVID-19 pandemic: see 20-197MR and hardship withdrawals for members of frozen funds webpage | Funds management |
| 25/7/2020 | INFO 248 Enhanced regulatory sandbox (new)
NOTE: RG 257 has been withdrawn |
Provides guidance for innovative financial businesses wanting to test their products and services under the Australian Government鈥檚 enhanced regulatory sandbox, scheduled to commence on 1 September 2020: see 20-195MR and Enhanced regulatory sandbox webpage | Technology |
听
Week beginning 17 August 2020
| Date | Regulatory document | Description | AGLS subject |
| 20/7/2020 | ob体育 Corporations (Litigation Funding Schemes) Instrument | Provides exemptions to facilitate the implementation of the regulatory framework for litigation funding schemes commencing on 22 August 2020: see 20-192MR and (PDF 97KB) | Funds management |
听
Week beginning 10 August 2020
| Date | Regulatory document | Description | AGLS subject |
| 12/8/2020 |
(reissued)
|
Information sheets related to insolvency have been updated to ensure currency and modernise language. | Companies |
听
Week beginning 27 July 2020
| Date | Regulatory document | Description | AGLS subject |
| 30/7/2020 | RG 271 Internal dispute resolution (new)
REP 665 Response to submissions on CP 311 Internal dispute resolution: Update to RG 165 ob体育 Corporations, Credit and Superannuation (Internal Dispute Resolution) Instrument See also: |
Updated requirements for how financial firms deal with consumer and small business complaints under their internal dispute resolution (IDR) procedures: see 20-171MR and article | Financial services听 |
| 29/7/2020 | CP 331 Remaking ob体育 class orders on unlicensed COI lenders and credit disclosure obligations | Sets out our proposals to remake sunsetting ob体育 Class Orders [] and []: see 20-170MR | Credit |
| 27/7/2020 | RG 21
(reissued) |
Updates to reflect that the is now the primary way to submit applications for relief and various fundraising and corporate finance documents to ob体育: see news item | Dealing with ob体育 |
听
Week beginning 20 July 2020
| Date | Regulatory document | Description | AGLS subject |
| 23/7/2020 | RG 97 Disclosing fees and costs in PDSs and periodic statements (reissued) | Minor amendments to adjust the transitional timeframes in response to COVID-19: see 20-167MR and | Financial services听 |
听
Week beginning 13 July 2020
| Date | Regulatory document | Description | AGLS subject |
| 14/7/2020 | INFO 177 Quarterly cash equity market data release: Methodology and definitions (reissued) | Minor updates to reference current ob体育 market integrity rules and regulatory guides, and reflect changes that we鈥檝e made to streamline and simplify the calculation of several metrics and selection of instruments. | Financial markets |
听
Week beginning 6 July 2020
| Date | Regulatory document | Description | AGLS subject |
| 9/7/2020 | CP 330 Using the product intervention power: Continuing credit contracts | Sets out 础厂滨颁鈥檚 proposal for using our product intervention power in relation to continuing credit products: see 20-159MR | Credit |
听
Week beginning 29 June 2020
| Date | Regulatory document | Description | AGLS subject |
| 30/6/2020 | INFO 246 Company auditor obligations under the whistleblower protection provisions (new)
INFO 247 Company officer obligations under the whistleblower protection provisions (new) |
Guidance for companies and audit firms to develop arrangements for handling whistleblower disclosures that are effective and tailored to their circumstances: see news item | Companies |
听
Week beginning 22 June 2020
| Date | Regulatory document | Description | AGLS subject |
| 25/6/2020 | ob体育 Corporations (Approval of Variation of March 2020 Banking Code of Practice) Instrument | Variation of the Banking Code of Practice inserting a Special Note to allow for special application of Code provisions during COVID-19 until March 2021: see 20-148MR | Financial services |
| 25/6/2020 | ob体育 Corporations, Superannuation and Credit (Amendment) Instrument | Amends the ob体育 Corporations, Credit and Superannuation (Internal Dispute Resolution鈥� Transitional) Instrument to preserve ob体育's existing internal dispute resolution policy in relation to complaints received by financial firms before 5 October 2021. | Financial services听 |
| 24/6/2020 | RG 273 Mortgage brokers: Best interests duty (new) | Guide for mortgage brokers and other relevant Australian credit licensees explaining what ob体育 looks for when we assess compliance with the best interests obligations in Pt in Pt 3-5A of the National Credit Act which commence on 1 January 2021: see 20-146MR and REP 662 | Credit |
| 24/6/2020 | ob体育 Corporations (COVID-19 Email Lodgement Service鈥攐b体育 Corporations (Wholly-owned Companies) Instrument 2016/785) Instrument | Facilitates the electronic signing and lodgement of documents under ob体育 Corporations (Wholly-owned Companies) Instrument during COVID-19: see INFO 24 | Companies |
| 23/6/2020 | REP 664 Overview of decisions on relief applications (October 2019 to March 2020) | Outlines some of our decisions on relief applications from 1 October 2019 to 31 March 2020, summarising examples of situations where we have exercised, or refused to exercise, 础厂滨颁鈥檚 exemption and modification powers: see 20-144MR | Financial services听 |
听
Week beginning 15 June 2020
| Date | Regulatory document | Description | AGLS subject |
| 19/6/2020 | REP 663 Regulator Performance Framework: ob体育 self-assessment 2018鈥�19 | The Regulator Performance Framework provides a set of six common key performance indicators (KPIs) for Australian Government regulators. This report sets out our self-assessment of 础厂滨颁鈥檚 performance in 2018鈥�19 against the KPIs. |
Dealing with ob体育 |
| 19/6/2020 | RG 58 Reporting by registered foreign companies and Australian companies with foreign shareholders (reissued)
RG 115 Audit relief for proprietary companies (reissued) |
Minor updates to reflect the revised definition of a large proprietary company. | Companies
Other entities |
| 19/6/2020 | RG 261 Crowd-sourced funding: Guide for companies (reissued) | Minor update to reflect the revised definition of a large proprietary company and an increase in the maximum number of penalty units for directors who do not do everything reasonably necessary to appoint an auditor. | Financial services听 |
| 18/6/2020 | ob体育 Market Integrity Rules (Securities Markets) Class Waiver Amendment Instrument | Amends ob体育 Market Integrity Rules (Securities Markets) Class Waiver to extend the operation by an additional 19 months. | Financial markets |
| 17/6/2020 | RG 272 Product intervention power (new) | Provides an overview of ob体育's product intervention power and explains:
|
Financial services |
听
Week beginning 8 June 2020
| Date | Regulatory document | Description | AGLS subject |
| 12/6/2020 | Draft Cost Recovery Implementation Statement 2019-20 | Provides an estimate of 础厂滨颁鈥檚 regulatory costs for 2019-20, to give industry an indication of what levy costs to expect when actual regulatory costs are published in December 2020, with invoices issued in January 2021.
Also details 础厂滨颁鈥檚 actual regulatory costs for 2018-19. This draft CRIS is open for feedback until 24 July 2020: see 20-134MR |
Dealing with ob体育 |
| 12/6/2020 | INFO 245 Board oversight of executive variable pay decisions during the COVID-19 pandemic (new) | Released to assist boards and remuneration committees of listed companies to navigate decisions on executive variable pay in the context of COVID-19: see 20-133MR | Companies |
| 11/6/2020 | ob体育 Corporations (Amendment) Instrument | Specifies an end date for three COVID-19 related instruments relating to capital raisings and financial advice:
See 20-135MR |
Financial services |
| 11/6/2020 | 础厂滨颁鈥檚 and updated work program | Sets out five targeted, strategic priorities to address COVID-19 related challenges and updates 础厂滨颁鈥檚 revised work program for this period. | Dealing with ob体育 |
Week beginning 1 June 2020
| Date | Regulatory document | Description | AGLS subject |
| 4/6/2020 | ob体育 Market Integrity Rules (Securities Markets) Determination
ob体育 Market Integrity Rules (Securities Markets) Repeal Instrument |
Maintains 础厂滨颁鈥檚 policy of determining the allocation of Equity Market Products to tiers, commencing 6 July 2020.
Repealed: Determination (replaced by听 Determination ) |
Financial markets |
听
Week beginning 18 May 2020
| Date | Regulatory document | Description | AGLS subject |
| 22/5/2020 | ob体育 Corporations (Deferral of Design and Distribution Obligations) Instrument
ob体育 Credit (Deferral of Mortgage Broker Obligations) Instrument |
Relief deferring the commencement date of the mortgage broker best interest duty and remuneration reforms, and the design and distribution obligations, for six months due to the impact of COVID-19: see 20-109MR | Financial services |
听
Week beginning 11 May 2020
| Date | Regulatory document | Description | AGLS subject |
| 15/5/2020 | ob体育 Corporations (Extended Reporting and Lodgment Deadlines鈥擫isted Entities) Instrument
ob体育 Corporations (Amendment) Instrument |
Relief to assist listed and unlisted entities affected by the impacts of COVID-19 by enabling them more time to report and have audits: see 20-113MR
Amended:
|
Companies |
听
Week beginning 4 May 2020
| Date | Regulatory document | Description | AGLS subject |
| 7/5/2020 | ob体育 Corporations (AFCA Regulatory Requirement) Instrument | Imposes additional conditions on the AFCA scheme relating to 'SMEG Loans' and repayment deferrals for business loans impacted by COVID-19. | Financial services听 |
| 6/5/2020 | (PDF 530 KB) | Outlines early observations by ob体育 on trading in securities and contracts for difference (CFDs) during the volatility caused by the COVID-19 pandemic: see 20-102MR | Financial services |
| 4/5/2020 | Instrument 20-0430 | Six month conditional relief granted to Macquarie Bank and related entities from the requirement to give customers Form 11A direct debit default notices under s 87 of the National Credit Code, while it sends modified communication and relaxes collection and enforcement processes as a result of COVID-19. | Credit |
Week beginning 27 April 2020
| Date | Regulatory document | Description | AGLS subject |
| 24/4/2020 | ob体育 Corporations (COVID-19 鈥� Distribution of Debit Cards) Instrument | Relief to allow the distribution of debit cards to existing customers without debit cards 鈥� including vulnerable and elderly consumers 鈥� in response to COVID-19. | Financial services |
| 22/4/2020 | ob体育 Corporations (Extended Reporting and Lodgment Deadlines鈥擴nlisted Entities) Instrument
ob体育 Corporations (Amendment) Instrument |
Relief extending the deadline for unlisted entities to lodge financial reports by one month for balance dates from 31 December 2019 to 31 March 2020 to account for possible impacts of COVID-19: see 20-084MR
Amended: Instrument |
Companies |
| 20/4/2020 | REP 659 ob体育 regulation of corporate finance: July to December 2019 | Twelfth and final report on ob体育's oversight of corporate finance activity covering 1 July 2019 to 31 December 2019. To be replaced by quarterly newsletters: see 20-093MR | Australian companies |
听
Week beginning 14 April 2020
| Date | Regulatory document | Description | AGLS subject |
| 14/4/2020 | INFO 230 Exchange traded products: Admission guidelines (reissued) | Updated to:
|
Financial services |
| 14/4/2020 | ob体育 Corporations (COVID-19鈥擜dvice-related Relief) Instrument | Prescribes relief measures to facilitate affordable and quality financial advice during the COVID-19 pandemic: see 20-085MR and no-action position for superannuation trustees. | Financial services |
| 14/4/2020 | REP 658 ob体育 regulation of registered liquidators: July 2018 to June 2019 | Eighth overview of 础厂滨颁鈥檚 regulation of registered liquidators covering 1 July 2018 to 30 June 2019. | Liquidators |
听
Week beginning 6 April 2020
| Date | Regulatory document | Description | AGLS subject |
| 9/4/2020 | REP 657 Survey of crowd-sourced funding intermediaries: 2018鈥�19 | Outlines the findings from 础厂滨颁鈥檚 second crowd-sourced funding (CSF) industry survey covering 1 July 2018 to 30 June 2019. | Financial services听
听 |
Week beginning 30 March 2020
| Date | Regulatory document | Description | AGLS subject |
| 1/4/2020 | Reissued regulatory guides:
Reissued information sheets: New information sheet: Other documents:
听 |
New and updated regulatory guidance to reflect:
|
Financial services |
| 31/3/2020 | INFO 243 Licensing requirements for providers of funeral expenses facilities (new) | Guidance on AFS licensing requirements applying from 1 April 2020: see 20-076MR | Financial services |
| 31/3/2020 | ob体育 Corporations (Trading Suspensions Relief) Instrument
ob体育 Corporations (Amendment) Instrument |
Temporary relief to facilitate 'low doc' capital raisings during COVID-19: see 20-075MR | Fundraising |
| 30-31/3/2020 | RG 16 External administrators - Reporting and lodging (reissued)
RG 34 Auditor鈥檚 obligations: Reporting to ob体育 (reissued) RG 78 Breach reporting by AFS licensees (reissued) RG 109 Assetless Administration Fund: Funding criteria and guidelines (reissued) INFO 29 External administration, controller appointments and schemes of arrangement - most commonly lodged forms (flowcharts 1, 2, 5, 8 and 9) (reissued) |
Minor technical updates for enhancements which replace existing channels:
|
Dealing with ob体育 |
听
Week beginning 23 March 2020
| Date | Regulatory document | Description | AGLS subject |
| 26/3/2020 | ob体育 Corporations (Amendment) Instrument | Amends Instrument | Financial markets |
| 24/3/2020 | INFO 157 Foreign financial services providers: Practical guidance on transitional arrangements (reissued) | Minor amendments to requirements for lodging and certification of documents in support of applications for equivalence relief | Financial services |
听
Week beginning 16 March 2020
| Date | Regulatory document | Description | AGLS subject |
| 20/3/2020 | ob体育 Corporations (Amendment) Instrument | Amends Instrument | Financial markets |
| 18/3/2020 | ob体育 Market Integrity Rules (Futures Markets) Class Waiver Amendment Instrument | Extends Class Waiver until 18/3/2022 | Financial markets |
| 17/3/2020 | RG 251 Derivative transaction reporting (reissued) | Guidance updated for minor Brexit-related changes | Financial markets |
听
Week beginning 9 March 2020
| Date | Regulatory document | Description | AGLS subject |
| 10/3/2020 | RG 176 Foreign financial services providers (reissued)
REP 656听Response to submissions on CP 301 and CP 315 on foreign financial services providers INFO 157 Foreign financial services providers: Practical guidance on transitional arrangements (reissued 13/3/2020) |
Updated for the introduction of 础厂滨颁鈥檚 new regulatory framework for FFSPs: see 20-058MR and Instruments , and | Financial services |
| 10/3/2020 | CP 329 Implementing the Royal Commission recommendations: Advice fee consents and independence disclosure
: Draft instrument (PDF 86) : Draft instrument (PDF 75) : Draft instrument (PDF 71) |
See 20-056MR | Financial services |
Week beginning 2 March 2020
| Date | Regulatory document | Description | AGLS subject |
| 4/3/2020 | ob体育 Market Integrity Rules (Securities Markets) Determination
ob体育 Market Integrity Rules (Securities Markets) Repeal Instrument |
Maintains ob体育's policy of determining the allocation of Equity Market Products to tiers, commencing 3 April 2020.
Repealed: Determination (replaced by Determination ) |
Financial markets |
| 2/3/2020 | INFO 242 础厂滨颁鈥檚 document production guidelines (new) | Overview of 础厂滨颁鈥檚 new document production guidelines. See 20-051MR and INFO 145 | Dealing with ob体育 |
Week beginning 24 February 2020
| Date | Regulatory document | Description | AGLS subject |
| 26/2/2020 | ob体育 has provided its latest six monthly update on 础厂滨颁鈥檚 enforcement and regulatory work since September 2019: see 20-034MR | Dealing with ob体育 | |
| 24/2/2020 | CP 328 Initial public offers: Relief for voluntary escrow arrangements and pre-prospectus communications | Sets out our proposals to grant legislative relief for:
|
Companies |
| 24/2/2020 | ob体育 Credit (Amendment) Instrument | Amends Class Order [] Extension of transitional credit hardship provisions to extend the relief granted by a further two-year period until 1 March 2022 | Credit |
Week beginning 17 February 2020
| Date | Regulatory document | Description | AGLS subject |
| 20/2/2020 | CP 327 Implementing the Royal Commission recommendations: Mortgage brokers and the best interests duty
: Draft regulatory guide (PDF 1.5 MB) |
Sets out 础厂滨颁鈥檚 proposals for guidance on reforms relating to mortgage brokers, including a best interests duty and the conflict priority rule: see 20-040MR | Credit |
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Week beginning 10 February 2020
| Date | Regulatory document | Description | AGLS subject |
| 14/2/2020 | ob体育 and the Australian Prudential Regulation Authority (APRA) have jointly welcomed proposed legislative reforms that will increase the regulatory role of ob体育 in superannuation. ob体育 and APRA have issued a joint letter to superannuation trustees about how regulatory oversight will operate, assuming the reforms become law: see 20-034MR |
Financial services | |
| 12/2/2020 | REP 655 Review of member communications: Protecting Your Superannuation Package (PYSP) reforms | Details our review of trustee communications to superannuation fund members in relation to the Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 (PYSP Act). It outlines our expectations about trustees' future communications to members and contributes to 础厂滨颁鈥檚 ongoing body of work in relation to insurance in superannuation: see 20-030MR | Financial services |
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Week beginning 3 February 2020
| Date | Regulatory document | Description | AGLS subject |
| 3/2/2020 | REP 654 Overview of decisions on relief applications (April 2019 to September 2019) | Outlines some of our decisions on relief applications during the period from 1 April 2019 to 30 September 2019 (report period). It summarises examples of situations where we have exercised, or refused to exercise, ob体育's exemption and modification powers from the financial reporting, managed investment, takeovers, fundraising or financial services provisions of the Corporations Act and the National Credit Act. It also refers to a number of publications issued by ob体育 during the report period that may be relevant to prospective applicants for relief, including any relevant legislative instruments, consultation papers, regulatory guides and reports: see 20-018MR |
Dealing with ob体育 |
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Week beginning 13 January 2020
| Date | Regulatory document | Description | AGLS subject |
| 16/1/2020 | CP 326 Chapter 6 relief for share transfers using s444GA of the Corporations Act | ob体育 is consulting on a proposal to formalise its policy on share transfers made under s444GA. ob体育 will seek public input on the proposal until Tuesday 28 February 2020. | Takeovers |
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Week beginning 6 January 2020
| Date | Regulatory document | Description | AGLS subject |
| 9/1/2020 | INFO 229 Limited AFS licensees: Complying with your licensing obligations (reissued) | Technical amendments to sections on training, education and ethics; the Financial Advisers Register; and dispute resolution to account for the application of professional standards to financial advisers (relevant providers) who provide personal advice on relevant financial products to retail clients and the introduction of AFCA. | Financial services |
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Week beginning 1 January 2020
| Date | Regulatory document | Description | AGLS subject |
| 17/1/2020 | ob体育 Credit (Litigation Funding鈥擡xclusion) Instrument
ob体育 Corporations (Conditional Costs Schemes) Instrument |
Provide relief to enable the temporary operation of a litigation funding arrangement, and a proof of debt funding arrangement, without compliance with the requirements of the Corporations Act or National Credit Protection Act until 31 January 2023. | Funds management |
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