Overview
A new legal rule, Financial Sector (Collection of Data) (reporting standard) determination No. 13 of 2026, was registered on 3 November 2026 and is already in force. It was made under the Financial Sector (Collection of Data) Act 2001 and is administered by the Department of the Treasury. It sets a reporting standard for financial sector entities.
What the Source Says
The source page does not specify which entities, data items, or reporting deadlines are covered by this particular standard. It also does not give any dollar thresholds or penalty details.
Key Actions
- Download and read the full legislative text and explanatory statement at https://www.legislation.gov.au/F2026L01471 to check if your business is a reporting entity under this standard.
- If you operate in banking, insurance, or superannuation, confirm with your compliance team or adviser whether this reporting standard changes your data submission obligations.
- Set up an alert on the Federal Register of Legislation page for this item, using the 'Set up an alert' option available on the page, to be notified of any amendments.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.