Australia Watchdog Warns Private Credit With Tougher Action
Hamish Hansford, head of national security at Department of Home Affairs, during the ASIC Summit in Melbourne on Nov. 12.
Photographer: Carla Gottgens/BloombergAustralia’s corporate regulator is threatening more aggressive legal action against private credit funds that fail to protect investors, as the A$200 billion ($131 billion) industry continues to expand.
The Australian Securities & Investment Commission’s deputy chair, Sarah Court, will announce plans to step up enforcement against poor private credit practices as part of its priorities for 2026, according to a press release Thursday. ASIC also said it will target misleading pricing practices by banks, insurance firms and pension fund trustees.