The Australian Labor Government has been re-elected with an increased House of Representatives majority and increased number of Senators, but not a Senate majority.

What does this mean for regulation?

No date has been fixed for Parliament sittings to resume but we know that there is an unfinished legislative agenda from the previous term.

The Treasurer in post-election interviews has focussed on regulation for productivity, rather than regulation for compliance.

That includes regulation to support competition and innovation, as well as new technology such as AI.

Payments system reforms are likely to proceed.

Improved governance is also expected to assist productivity.

In the meantime look at ASIC’s Regulatory Tracker to see what it is working on.

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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.