‘Real harm’: Record $830m in fines against banks, financial firms
Australian regulators imposed record $830 million in civil penalties against banks and financial firms in 2025-26, including $35 million fines against HSBC and Macquarie Securities. The Australian Securities and Investments Commission also secured $644 million in customer refunds and achieved 25 criminal convictions. However, a $300 million penalty against liquidated Union Standard is unlikely to be recovered.
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Published 19 Jul 2026, 19:00 UTC · Updated 19 Jul 2026, 19:11 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections