Australian Securities and Investments Commission
On 18 June 2025, The Treasurer Addressed The National Press Club And Said That He Will "...write To Regulators Across Government Seeking Specific, Measurable Actions To Reduce Compliance Costs..."…
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On 18 June 2025, The Treasurer Addressed The National Press Club And Said That He Will "...write To Regulators Across Government Seeking Specific, Measurable Actions To Reduce Compliance Costs..." As Per The Sydney Morning Herald Article On 22 June 2025, I Am Of The Understanding That ASIC Is One Of The Regulators That The Treasurer Refers To. In Pursuance Of My Right Under The Act, I Am Seeking Access To The Latest Copy Of Your Response To The Treasurer's Request, Draft Or Final.
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ASIC's letter to the Treasurer dated 12 August 2025 outlines five additional measures to reduce compliance burdens and enhance productivity across the financial services industry. Key actions include: establishing a working group to review disclosure requirements for stamp duty in superannuation investment decisions and class order relief for private credit arrangements; reducing data collection and reporting obligations, including participation in the Council of Financial Regulators' review of small and medium-sized banks; and other regulatory adjustments. The letter, from ASIC Chair Joseph Longo, supplements ASIC's earlier 1 August response to the Treasurer's June request for specific, measurable compliance cost reduction actions across government regulators.
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