Greatest Good August/September 2026 Regulatory Update
Legislative announcements and changes
Key legislative items this month include:
- The Australian Government has announced proposed reforms to strengthen Australia’s modern slavery laws
- The implementation date of the Work From Home Bill has been delayed until July 2027
- New privacy disclosure obligations for AI/automated decision-making from 10 December 2026
- New unfair trading practices commencing
- Further Privacy Amendment changes proposed to protect personal data
- Treasury consults on improving sustainability reporting efficiency
- More Australians to benefit from low fee and no fee bank accounts
- ASIC provides feedback on sustainability reports lodged
Guidance and updates
- The Australian Government has shared insights on how to spot a scam as scammers’ tactics become increasingly sophisticated
- Three major developments have been announced regarding the regulation of data centres and their impact on Australia’s energy system
- ASIC has launched its Small Business Director Essentials hub, providing practical tools, guidance and free online learning to help directors understand their obligations and strengthen their governance knowledge
- The NSW Government has introduced a freeze on Workers Compensation premium rates for the 2026/27 and 2027/28 financial years
- Findings from new research on psychosocial risks reinforce the need for employers to look beyond workers’ compensation data and address the physical and psychosocial risks affecting the workforce
Disclaimer: This does not purport to be comprehensive or to render legal advice. You should not act based on any information contained in this publication without first obtaining specific professional advice. Consult your legal advisor to determine if this applies to you.