Regulatory Radar Q2 2025
In this edition of Regulatory Radar, we cover sweeping reforms, intensified enforcement activity, and new legal frameworks that will reshape compliance obligations across the Australian insurance and financial services sectors.
Key highlights include:
- ASIC’s enforcement focus: ASIC ramps up action on cybersecurity, unfair contracts, and claims handling.
- Sustainability reporting: ASIC’s Regulatory Guide 280 outlines climate-related risk disclosure expectations and director responsibilities for entities required to prepare sustainability reports.
- Quality of Advice Review – Tranche 2 reforms: Treasury’s consultation on proposed reforms toadvice documentation, superannuation charging rules, and member engagement.
- ACCC’s merger control regime: Introduction of the new regime begins with transition from 1 July 2025 (voluntary notifications) and 1 January 2026 (mandatory notifications).
- Privacy law reform: Introduction of a statutory tort for serious invasions of privacy, with direct legal remedies for individuals.
Together, these developments underscore the need for proactive legal and compliance strategies. Organisations must stay ahead of evolving expectations, engage early with regulators, and embed resilience into their governance frameworks. This edition provides timely insights and practical guidance to help navigate the road ahead.
Download your copy of Regulatory Radar to gain a comprehensive overview of upcoming significant developments and their implications for the industry.
This publication constitutes a summary of the information of the subject matter covered. This information is not intended to be nor should it be relied upon as legal or any other type of professional advice. For further information in relation to this subject matter please contact the author.
Stay updated with Gilchrist Connell’s news and insights, zero spam, promise.
We acknowledge the Traditional Custodians throughout Australia and their connection to land, culture, waters and skies. We pay our respect to the communities, the people, and Elders past, present and emerging.
Liability limited by a scheme approved under Professional Standards Legislation. Legal Practitioners employed by and the directors of Gilchrist Connell Pty Ltd are members of the scheme.