Australia

Macquarie Contravention of Corporations Act Regarding Shield Master Fund

The Federal Court declared that Macquarie Investment Management Limited (MIML) contravened the Corporations Act by failing to adequately monitor the Shield Master Fund. MIML will pay affected members 100% of their invested amounts, totaling approximately $321 million. This outcome reinforces trustee obligations to monitor funds and protect member savings.

Australian Citizenship Special Residence Requirement Amendment Instrument 2026

The Australian Department of Home Affairs has issued the Citizenship Special Residence Requirement Amendment Instrument 2026. This instrument amends the Australian Citizenship (special residence requirement) Instrument (LIN 21/069) 2021, modifying specific provisions related to the special residence requirement for citizenship.

UN Sanction Enforcement Law Amendment Instrument 2026

The Australian Department of Foreign Affairs and Trade has issued the Charter of the United Nations (UN Sanction Enforcement Law) Amendment (No. 1) Instrument 2026. This instrument amends the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008, updating Australia's legislative framework for enforcing UN sanctions.

Electoral and Referendum Regulations 2026

The Electoral and Referendum Regulations 2026 have come into force in Australia, establishing new rules for electoral roll matters and enrolment processes. These regulations are administered by the Department of Finance and authorized by key electoral legislation.

Fuel Security Services Payment Amendment Rules 2026

The Australian Department of Climate Change, Energy, the Environment and Water has issued the Fuel Security Services Payment Amendment Rules 2026. These rules amend the Fuel Security (Fuel Security Services Payment) Rule 2021, with an effective date of March 20, 2026.

National Health (Listing of Pharmaceutical Benefits) Instrument 2024

The Australian Department of Health has issued the National Health (Listing of Pharmaceutical Benefits) Instrument 2024, which details the listing of pharmaceutical benefits under the National Health Act 1953. This instrument outlines the drugs, forms, administration, brands, and prescription requirements for pharmaceutical benefits.

NSW Cracks Down on Misleading Fuel Prices

NSW Fair Trading is conducting a statewide compliance blitz to ensure fuel retailers report prices accurately on the FuelCheck app. Retailers face on-the-spot fines of $1,100 or court penalties up to $110,000 for non-compliance.

Aidacare Admits Misleading NDIS Customers on Consumer Rights

Aidacare, an NDIS registered provider, has admitted to misleading customers about their consumer guarantee rights and using unfair contract terms. As part of a court-enforceable undertaking with the ACCC, Aidacare will remediate affected consumers, stop using unfair terms, and establish an ACL compliance program.

ACCC Authorises Fuel Majors to Coordinate Supply with Conditions

The ACCC has granted urgent interim authorisation to the Australian Institute of Petroleum and its members to coordinate fuel supply chain management due to Middle East conflict impacts. This authorisation is conditional and does not permit coordination on fuel pricing.

ACCC Investigates Anti-Competitive Diesel Supply Conduct

The Australian Competition and Consumer Commission (ACCC) has launched an enforcement investigation into alleged anti-competitive conduct by major fuel suppliers regarding diesel supply in regional and rural Australia. The investigation is being conducted urgently due to widespread concerns about fuel pricing and supply.