Australian Prudential Regulation Authority APRA released policy and supervision priorities for 2023 with to increase financial soundness of the banking, insurance, superannuation industry. APRA Chair, John Lonsdale, announced that 2023 will bring a lighter AP RA policy load.
ASIC brought in New Year with focus on green-washing, issuing infringement notices against two different companies, one superannuation fund trustee second being energy company. Corporations paid $13,320 and $39,960 respectively in compliance with infringement notices.