Bright Law Blog

Bright Law Blog, published by Bright Law, focuses on legal and regulatory developments affecting the financial services sector in Australia. The blog covers topics such as compliance with financial services and credit laws, regulatory updates from bodies like APRA and ASIC, risk management strategies, and the obligations of financial advisers and licensees. It also addresses issues related to advertising standards for financial products, privacy concerns in emerging technologies like generative AI, and prudential frameworks for banks. The blog aims to assist financial institutions, advisers, and compliance officers in navigating complex regulatory environments and maintaining adherence to evolving legal requirements.

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Latest from Bright Law Blog

The Australian Government is consulting on changes to improve the efficiency of climate-related financial disclosures (“sustainability reporting”).Reforms announced in the Budget 2026-27 include raising the monetary thresholds prescribed for determining whether a proprietary company is ‘large’:to $100 million revenue (from

Two recent cases have considered when financial institutions have declined, withdrawn or limited banking services to customers in certain industry sectors due to factors such as commercial considerations, reputational risk and regulatory risk exposure (“debanking”).Although Austrac has issued guidance to