FAR Banking (in force 15 March 2024) — first ASIC/APRA actions
enforcement focus15 Jan 2025
Facts
FAR (Financial Accountability Regime) banking phase began 15 March 2024. First wave of accountability statements + maps + accountable persons; insurance + super phase from March 2025.
Outcome
Compliance phase + first enforcement engagement on accountability mapping + breaches by accountable persons.
Read the source
https://asic.gov.au/regulatory-resources/financial-services/financial-accountability-regime/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.