FAR

Regulatory Updates

APRA Governance Reform: What ADIs, Insurers and Super Funds Must Prepare For
June 22, 2026July 28, 2026

If your board secretariat still lodges a fit and proper form every time a director or senior executive joins, the APRA governance reform now in consultation changes the calculus. On 16 June 2026 APRA opened consultation on a redrafted Prudential Standard CPS 510 Governance that pulls five existing standards into one, sets a 12-year tenure…
Regulatory Updates

APRA and ASIC FAR Rule Changes 2026: What Australian ADIs and Insurers Must Update in Their Accountability Obligations
June 17, 2026July 28, 2026

If your team treats the Financial Accountability Regime as a one-time mapping project that finished at commencement, the 16 June 2026 FAR rule changes from APRA and ASIC are a reason to reopen the file. The regulators are not relaxing who is accountable for what. They are reducing how much paperwork accountable entities keep current…