AFCA ceasing membership certificates from FY26

Effective for the 2025-26 financial year, AFCA will no longer issue membership certificates to financial firms.

Instead, firms can verify their AFCA membership using the real-time financial firm search tool on the AFCA website. This change aims to combat fraud, reduce administrative burden, and increase consumer confidence.

While certificates are being phased out, members are still permitted to use AFCA’s name, logo, and contact details according tot heir guidelines. Read more here.

Policies affected: Complaints Handling Policy if AFCA Membership certificates are mentioned

Organisations affected:  AFSL holders who provide advice to retail clients

ASIC announces financial reporting and audit focus areas for FY 2025-26

Group 1 entities must begin mandatory sustainability reporting. This applies to entities with financial years starting on or after January 1, 2025, who:

  • Are required to prepare an annual financial report under Chapter 2M of the Corporations Act.
  • Meet specific sustainability reporting thresholds.
  • Have not received sustainability reporting relief from ASIC.

ASIC will be reviewing these reports as part of their 2025-26 focus, specifically looking at 31 December 2025 sustainability reports. Read more here.

Policies affected:  Financial Reporting Policies or stand alone Sustainability Reporting Policy

Organisations affected:  Reporting group 1 entities

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