Australia’s Council of Financial Regulators (APRA, ASIC, the Reserve Bank of Australia and Treasury), working with other agencies as “CFR Plus”, published a Better Regulation Roadmap and implementation plan setting out coordinated actions to improve the efficiency of financial sector regulation while maintaining financial stability, consumer protection and market integrity. The implementation plan contains more than 50 commitments made as part of the 2025 Economic Reform Roundtable, grouped into simplification and removal of duplication, enabling digital and data capability, and improving government engagement, consultation or guidance. The roadmap also outlines work to streamline and harmonise data collections and strengthen cross-regulator data sharing, drawing on 2025 industry engagements and sector deep dives, and notes that relevant initiatives will be reflected in the Regulatory Initiatives Grid published on the Treasury website in March and September. In parallel, CFR Plus is prioritising potential legislative reforms based on industry feedback and earlier submissions to inform advice to Government. CFR Plus plans to update the roadmap with further detail on initiatives in 2026, with a stated focus on making data reporting more efficient, transparent and coordinated.
Council of Financial Regulators 2025-12-18
Australia's Council of Financial Regulators releases Better Regulation Roadmap implementation plan covering over 50 reform commitments
Australia’s Council of Financial Regulators, collaborating as "CFR Plus," released a Better Regulation Roadmap to enhance financial regulation efficiency while ensuring stability, consumer protection, and market integrity. The plan includes over 50 commitments from the 2025 Economic Reform Roundtable, focusing on simplification, digital capability, and improved government engagement, with updates expected in 2026.