ASIC consults on plan to increase visibility of firms’ breach and complaints data

Regulatory
Written By Kate Melville

The Australian Securities and Investments Commission (ASIC) is consulting on plans to publish two dashboards containing firm-level Reportable Situations (RS) and Internal Dispute Resolution (IDR) data in the second half of 2025.

The proposals detailed in CP 383 Reportable situations and internal dispute resolution data publication (CP 383) build on the high-level insight reports ASIC has previously published.

Under the proposal, ASIC will exercise its legislative powers to publish the firm-level data reported to ASIC, supporting the objectives of both the RS and IDR regimes by:

  • enhancing transparency and accountability to encourage improved behaviour and increase confidence in the financial system

  • highlighting areas of concentration of significant breaches and complaints, and

  • enabling firms to target improvements in their compliance outcomes, consumer outcomes and firm performance.

The consultation period runs until 14 May 2025. Members with feedback relating to this consultation process can reach out to Li Chang at li.chang@afia.asn.au.

Kate Melville
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