Overview
The Treasury Laws Amendment (Professional Standards Schemes) Regulations 2026 were registered on 10 August 2026 and are administered by the Department of the Treasury. The regulations amend three existing sets of rules: the Australian Securities and Investments Commission Regulations 2001, the Competition and Consumer Regulations 2010, and the Corporations Regulations 2001.
Two commencement dates
The amendments are split into two schedules with different commencement dates.
- Schedule 1 - commenced the day after registration.
- Schedule 2 - commences 1 September 2026.
Scope of changes
The source document does not specify which professional standards schemes are affected or what the substantive changes to each amended regulation are. The full legislation text is available at legislation.gov.au/F2026L01038. An explanatory statement is also available on the same page.
Key actions stated in the instrument
The following actions are described in the source material:
- Businesses holding an Australian Financial Services Licence (AFSL) or operating under a professional standards scheme are directed to the full legislation text at legislation.gov.au/F2026L01038 to determine whether changes to the ASIC Regulations 2001 or Corporations Regulations 2001 affect their obligations.
- The explanatory statement available at legislation.gov.au/F2026L01038 contains details on what each amendment changes.
- The Schedule 2 commencement date is 1 September 2026.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.