APRA updates exemption from section 66 of the Banking Act 1959
APRA broadened the class exemption letting a wider set of foreign entities use restricted terms such as 'bank' when issuing debt securities in wholesale markets, removing the need for individual consent.
What it means for business
Consider checking whether the broadened class exemption removes an existing individual consent requirement for your issuances.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
Talk to Envision LegalMore in Financial services & insurance
17 September 2026 · Federal Register of Legislation
Australian Securities and Investments Commission Amendment (Deferred Sales Model Exemptions) Regulations 2026
17 September 2026 · Federal Register of Legislation
ASIC Market Integrity Rules (Securities Markets) Amendment Instrument 2026/574
17 September 2026 · Federal Court
Allianz Australia Insurance Limited v AIG Australia Limited
16 September 2026 · Federal Register of Legislation
Insurance Contracts Amendment (Genetic Testing Protections in Life Insurance) Regulations 2026
Regulatory alerts
Get the radar in your inbox.
A short email when something worth knowing lands. Pick the areas you care about and skip the rest.
This register contains general information only and does not constitute legal advice. Envision Legal accepts no liability for any loss arising from reliance on this content. You should seek independent legal advice tailored to your specific circumstances. For enquiries, contact Envision Legal.