Regulatory Strategy
AFSA is a visible, modern and contemporary regulator. Our holistic approach to regulation improves access to credit and increases financial stability, contributing to economic and social outcomes. We anticipate and respond to our operating environment to safeguard a strong credit system for Australia now and for the future.
The AFSA Regulatory Strategy 2023-27 covers a four-year period and provides the regulatory principles and foundations AFSA works from. The Regulatory Action Statement is an annual outlook, identifying key focus areas within system vulnerability, system efficiency and system misuse.
AFSA Regulatory Strategy 2023-27
The Regulatory Strategy articulates AFSA’s regulatory stewardship approach and informs our operational policies and plans.
It shows our strong and balanced regulatory posture and our collaborative, whole-of-system and intelligence-based approach to regulation. We are nuanced and proportionate in our responses and focus our activities to deliver economic and social outcomes.
Regulatory Action Statement 2024-25
Our annual Regulatory Action Statement outlines how we will address misuse of Australia’s credit system, an enduring priority for AFSA. In 2024-25, we will focus our resources on addressing conduct resulting in the areas of significant harm listed below.
We will achieve this through the full use of our regulatory toolkit of education, compliance, investigation and enforcement, and use remedies available to us such as:
- cautions
- infringement notices
- civil litigation, including civil penalties
- criminal case referrals
- conditions on registration
- suspension or revocation of practitioner registration.