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ASIC’s new enforcement priorities focus on cost-of-living pressures

People walk through the Carriageworks Arts Centre in Sydney, Australia.
Photo: Alexi Rosenfeld/Getty Images

Australian regulator’s enforcement priorities include focus on businesses trying to avoid consumer credit protections, and debt management.

ASIC’s enforcement priorities 2025 will reflect the increased risks that consumers are experiencing due to cost-of-living pressures, the Commission recently announced. That means focusing on business models that are avoiding consumer credit protections, and which are engaging in unlawful debt management and collection.

The regulator has also formed a new