From www.khq.com.au: On 13 February 2025, the Scams Prevention Framework Bill 2025 passed Parliament, establishing a multi-regulator framework to prevent and respond to scams, initially focusing on banks, telcos, and social media companies.

Treasury also released a consultation paper proposing a ban on the use of adverse predictive genetic testing results in life insurance, seeking feedback until 12 March 2025.

ASIC has published its financial advice newsletter highlighting recent regulatory developments, and announced reforms aimed at improving education standards for financial advisers.