AFSL Update: Are You Ready for ASIC’s Increasing Scrutiny?

ASIC is intensifying its scrutiny of AFSL holders, signalling a clear shift towards proactive compliance. With stronger enforcement activity, increased focus on cyber resilience, and closer examination of financial requirements, businesses must ensure their controls, documentation, and risk management frameworks are robust and forward-looking. Organisations that act early will be better positioned to manage regulatory risk and support long-term resilience.

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ASIC Focus on Non-Compliance for Large Proprietary Company Audits in 2026

ASIC is increasing enforcement in 2026 as many large proprietary companies remain non‑compliant with audit and lodgement obligations following the removal of grandfathering exemptions. Recent ASIC reviews found significant failures to lodge audited financial reports, prompting a stronger regulatory response. Companies are urged to review their reporting status and address any non‑compliance promptly.

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