Australian Regulatory Updates

ATO Class Ruling CR 2026/55 covers Future Generation Global Limited's DSSP. Bonus shares are not taxed as dividends for eligible Australian resident shareholder

ATO Class Ruling CR 2026/56 covers WAM Leaders Limited shareholders receiving bonus shares under the Dividend Substitution Share Plan from 1 July 2026 to 30 Jun

ATO Class Ruling CR 2026/57 covers WAM Alternative Assets Limited's Dividend Substitution Share Plan, confirming bonus shares are not assessable income.

ATO Class Ruling CR 2026/59 confirms the tax treatment of bonus shares issued to WAM Microcap Limited shareholders under the Dividend Substitution Share Plan.

ASIC INFO 235 explains reporting rules for Indigenous not-for-profit companies limited by guarantee registered with ASIC, ACNC, or ORIC.

ASIC INFO 236 explains member rights and dispute resolution steps for Indigenous not-for-profit companies limited by guarantee under the Corporations Act 2001.

The Federal Court ordered Bit Trade Pty Ltd, operator of Kraken in Australia, to pay $8 million for offering a margin product without a target market determinat

ASIC has outlined key scrutiny areas for December 2024 financial reports, including asset values, provisions, and new lodgement requirements for large proprieta

A Melbourne jury acquitted former Vocus Group chair Vaughan Bowen on two counts of insider trading following a nearly five-week trial in December 2024.

The Companies Auditors Disciplinary Board has suspended Greensill Group lead auditor Joseph Santangelo from practising until 1 June 2026.

ASIC cancelled the AFS licence of Macgill Financial Services Pty Ltd (licence 416722) on 29 November 2024 after the company ceased its financial services busine

Former liquidator Peter Amos was sentenced to four years in prison on 13 December 2024 for stealing nearly $3 million from five companies he administered.

Benjamin Thomas Molloy was convicted in Melbourne Magistrates' Court on 13 December 2024 for making false statements to ASIC under the Corporations Act 2001.

ASIC has filed Federal Court proceedings against Binance Australia Derivatives over misclassification of 505 retail clients, denying them key consumer protectio

ASIC has filed Federal Court proceedings against Swoosh Finance alleging responsible lending failures and design and distribution obligation breaches on car-sec

ASIC suspended then cancelled the AFS licence of crowd-funding platform Equitise Pty Ltd after it entered voluntary administration in October 2024.

The Federal Court found three CFD trading companies engaged in systemic unconscionable conduct between 2018 and 2020, with customer losses totalling over $83 mi

Vittorio Letizia, a Perth accountant, appeared in court on 20 December 2024 charged with five counts of insider trading in Genesis Minerals shares.

Sanlam Private Wealth has admitted to failing to properly oversee authorised representatives under its AFS licence. ASIC has accepted a court enforceable undert

ASIC has disqualified Perth property developer Allen Bruce Caratti from managing corporations for four years after finding serious governance failures.