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If you carry on a financial services business in Australia, you will need to hold an AFS licence, unless relief is granted by ASIC or a regulatory exemption applies.
The General Insurance Code of Practice (Code) is undergoing reform to expand its scope and to include proposed changes that strengthen consumer protections, accountability and enforceability of the Code.
In March 2026, Treasury released an exposure draft of the Treasury Laws Amendment Bill 2026: Payments System Modernisation, which is new legislation that overhauls the regulatory framework for payment service providers in Australia.