Financial services policy and regulation in Australia
Policy and regulation for banks, superannuation funds, wealth managers, financial advisers and credit providers. Below are the official items from the last 14 days that we rated high or medium for Financial services, each linked to its official source.
What we match to Financial services
We rate each item for Financial services. Items on these subjects, among others, are matched to this sector:
- Banking, superannuation and wealth
- Financial services, payments and scams
- Tax and excise
- Digital assets and crypto
- Data, privacy and cyber
- Competition and mergers
Official items from the last 14 days
As at 2:50 am on 21 Oct 2026 (Sydney time), 30 official items from the last 14 days are rated high or medium for Financial services.
Notice Of Disqualification - Rhonda Mary Oliver - 19 October 2026 (opens the official source in a new tab)
AI summaryBen Kelly, Deputy Commissioner of Taxation, disqualified Rhonda Mary Oliver under subsection 126A(1) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because Kelly is satisfied Oliver contravened the SISA on one or more occasions and the seriousness of the contraventions provides grounds for disqualification. The disqualification takes effect on the day it was made, 19 October 2026. Oliver may request reconsideration in writing within 21 days.
Sourced from the Federal Register of Legislation at 20 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice of Disqualification - Leif Drevsjo - 19 October 2026 (opens the official source in a new tab)
AI summaryBen Kelly, Deputy Commissioner of Taxation, disqualified Leif Drevsjo under subsection 126A(2) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because a corporate trustee of one or more superannuation entities contravened the Act on one or more occasions, Drevsjo was a responsible officer at the time, and the seriousness of contraventions provides grounds for disqualification. The disqualification takes effect on the day it was made, 19 October 2026.
Sourced from the Federal Register of Legislation at 20 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Life insurance claims and disputes statistics (opens the official source in a new tab)
© Australian Prudential Regulation Authority 2026
Corporations (Financial Services Compensation Scheme of Last Resort Operator – Independent Member and Chair) Appointment (No. 1) 2026 (opens the official source in a new tab)
AI summaryDaniel Mulino, Assistant Treasurer and Minister for Financial Services, appointed Jo-Anne Bloch as an independent member and Chair of the board of Compensation Scheme of Last Resort Limited (CSLR operator) under section 1061 and paragraph 1062(3)(d) of the Corporations Act 2001. The appointment is effective from 1 February 2027 to 31 January 2030.
Sourced from the Federal Register of Legislation at 19 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
APRA and ASIC publish latest data on life insurance claims and disputes – June 2026 (opens the official source in a new tab)
AI summaryAPRA released its Life Insurance Claims and Disputes Statistics publication covering 1 July 2025 to 30 June 2026, presenting claims and disputes outcomes for 13 Australian life insurers writing direct business. ASIC updated its MoneySmart Life insurance claims comparison tool with the latest data, comparing insurers on claims acceptance percentage, time to pay claims, disputes and policy cancellation rates.
(c) Australian Prudential Regulation Authority 2026. CC BY 4.0 (creativecommons.org/licenses/by/4.0)
Notice of Disqualification – Brett Leonard Weggelaar - 15 October 2026 (opens the official source in a new tab)
AI summaryBen Kelly, Deputy Commissioner of Taxation, disqualified Brett Leonard Weggelaar under subsection 126A(2) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because a corporate trustee of one or more superannuation entities contravened the Act on one or more occasions, Weggelaar was a responsible officer at the time, and the seriousness of the contraventions provides grounds for disqualification. The disqualification takes effect on the day it was made, 15 October 2026.
Sourced from the Federal Register of Legislation at 18 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
APRA welcomes Basel endorsement of Australia's bank leverage ratio framework (opens the official source in a new tab)
AI summaryThe Australian Prudential Regulation Authority (APRA) welcomes the Basel Committee on Banking Supervision's finding that Australia's leverage ratio framework regulations are compliant with BCBS standards, achieving the highest possible grade. The assessment was conducted by the BCBS's Regulatory Consistency Assessment Programme. The leverage ratio framework limits bank debt relative to capital and applies to six Australian banks approved to use the internal ratings-based approach for credit risk.
(c) Australian Prudential Regulation Authority 2026. CC BY 4.0 (creativecommons.org/licenses/by/4.0)
APRA and RBNZ complete joint bank stress test to promote trans-Tasman resilience (opens the official source in a new tab)
AI summaryAPRA and the Reserve Bank of New Zealand completed the 2026 Trans-Tasman Stress Test, their first joint exercise since 2017. The stress test examined banking system resilience through a severe downturn scenario involving geopolitical tensions, oil price shock, recession, funding shock, market closure and cyber-attack. Results indicate both banking systems would remain resilient. APRA and RBNZ will use findings to inform future supervision and risk assessments. APRA will publish detailed findings later in 2026.
(c) Australian Prudential Regulation Authority 2026. CC BY 4.0 (creativecommons.org/licenses/by/4.0)
APRA 2025-26 Annual Report (opens the official source in a new tab)
© Australian Prudential Regulation Authority 2026
Albanese government advancing reforms to combat financial abuse (opens the official source in a new tab)
(c) Commonwealth of Australia. Source: ministers.treasury.gov.au, licensed under CC BY 4.0
Notice of Disqualification – James Tsingolis – 12 June 2026 (opens the official source in a new tab)
AI summaryBen Kelly, Deputy Commissioner of Taxation, disqualified James Tsingolis under subsection 126A(2) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because a corporate trustee of one or more superannuation entities contravened the Act on one or more occasions while Tsingolis was a responsible officer, and the seriousness of the contraventions provides grounds for disqualification. The disqualification was dated 12 June 2026 and published 14 October 2026.
Sourced from the Federal Register of Legislation at 17 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice of Disqualification - Jane Kinsey - 13 October 2026 (opens the official source in a new tab)
AI summaryBen Kelly, Deputy Commissioner of Taxation, disqualified Jane Kinsey under subsection 126A(2) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because a corporate trustee of one or more superannuation entities contravened the Act while Kinsey was a responsible officer, and the seriousness of the contraventions provides grounds for disqualification. The disqualification takes effect on 13 October 2026. Kinsey may request reconsideration within 21 days or apply for revocation.
Sourced from the Federal Register of Legislation at 17 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice of Disqualification - Sean Bishop - 13 October 2026 (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 17 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
APRA 2025-26 Annual Report (opens the official source in a new tab)
AI summaryAPRA published its 2025-26 Annual Report on 14 October 2026. APRA is the prudential regulator of the financial services industry, overseeing banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most superannuation industry members. APRA supervises institutions holding around $10.6 trillion in assets for Australian depositors, policyholders and superannuation fund members. An accessible version is available on the Australian Government Transparency Portal.
(c) Australian Prudential Regulation Authority 2026. CC BY 4.0 (creativecommons.org/licenses/by/4.0)
Notice of Disqualification – Ciaran McKillop - 13 October 2026 (opens the official source in a new tab)
AI summaryBen Kelly, a delegate of the Commissioner of Taxation, disqualified Ciaran McKillop under subsection 126A(1) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because McKillop contravened the SISA on one or more occasions and the seriousness of the contraventions provides grounds for disqualification. The disqualification takes effect on the day it was made. McKillop may request reconsideration in writing within 21 days.
Sourced from the Federal Register of Legislation at 16 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice of Disqualification – Emma Sheehan - 13 October 2026 (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 16 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Financial Sector (Shareholdings) approval to hold a stake No. 19 of 2026 – Guild Insurance Limited (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 16 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice of Disqualification – Rosalia Eseta Laveta - 12 October 2026 (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 16 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice of Disqualification – Bronwyn Beer - 24 August 2026 (opens the official source in a new tab)
AI summaryBen Kelly, Deputy Commissioner of Taxation, disqualified Bronwyn Beer under subsection 126A(2) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because a corporate trustee of one or more superannuation entities contravened the Act on one or more occasions, Beer was a responsible officer at the time, and the seriousness of the contraventions provided grounds for disqualification. The disqualification takes effect on the day on which it is made.
Sourced from the Federal Register of Legislation at 16 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Corporations (Financial Services Compensation Scheme of Last Resort—Special Levy) Determination 2026 (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 14 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Australian Communications and Media Authority (Scams Prevention Framework – Telecommunications Code) Direction 2026 (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 12 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Notice Of Disqualification – Samiuela Okusitino - 7 October 2026 (opens the official source in a new tab)
AI summaryBen Kelly, a delegate of the Commissioner of Taxation, disqualified Samiuela Okusitino under subsection 126A(2) of the Superannuation Industry (Supervision) Act 1993. The disqualification was made because a corporate trustee of one or more superannuation entities contravened the Act, Okusitino was a responsible officer at the time, and the seriousness of contraventions provides grounds for disqualification. The disqualification takes effect on the day it was made. Okusitino may request reconsideration within 21 days or apply for revocation.
Sourced from the Federal Register of Legislation at 11 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
APEC Finance Ministers' Meeting (opens the official source in a new tab)
(c) Commonwealth of Australia. Source: ministers.treasury.gov.au, licensed under CC BY 4.0
Notice of Rulings 19 October 2026 (opens the official source in a new tab)
Sourced from the Federal Register of Legislation at 20 October 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.