From www.holdingredlich.com: Following a legislative change in June 2024, the Australian Securities and Investments Commission (ASIC) has begun utilizing the Federal Court’s expanded jurisdiction to address a range of white-collar crimes, significantly increasing the Court’s role in prosecuting these offences.

The Attorney General’s Portfolio Miscellaneous Measures Act 2024 allows the Federal Court to hear indictable offences related to major legislation, including the Corporations Act and Australian Securities and Investments Commission Act.