The Australian Securities and Investments Commission (ASIC) has published its 2026-27 Corporate Plan, setting priorities to protect consumers and small businesses, support responsible innovation, reduce unnecessary regulatory burden and strengthen confidence in the financial system. The plan puts into practice ASIC’s risk-based approach by pairing clearer, more efficient compliance processes for responsible businesses with stronger supervision and enforcement against harmful conduct. Consumer protection work will target scams, debt collection, insurance claims intermediaries in disaster-affected communities, buy now pay later services and superannuation advice fee deductions. ASIC will also increase scrutiny of artificial intelligence, including banks’ use of AI in customer-facing services, its effects on consumers and investors, and the risks that AI-driven manipulation, deepfakes and misinformation pose to market integrity. Regulatory burden initiatives include simpler guidance and instruments, improved digital services, more efficient licensing and closer coordination with other regulators on data collection. ASIC will also strengthen oversight of managed investment schemes, pursue market integrity work across public and private markets, support responsible digital finance, and expand its data, intelligence, AI and cyber capabilities.
2026-08-26Australian Securities & Investments Commission
Australian Securities and Investments Commission sets 2026–27 priorities on consumer harm, AI oversight and regulatory burden
The Australian Securities and Investments Commission has set its 2026–27 priorities, combining stronger action on consumer harm and artificial intelligence risks with measures to reduce unnecessary regulatory burden. Its work will cover scams, debt collection, insurance intermediaries, buy now pay later, superannuation fee deductions and AI-related threats to consumers and markets.