APAC Monthly Private Wealth Legal Developments – November 2025

Australia

ASIC consults on stamp duty and portfolio holdings disclosure requirements for super funds

ASIC has launched a consultation on proposed changes to stamp duty and portfolio holdings disclosure requirements. The consultation follows on from a targeted review of superannuation investment disclosure requirements which was announced in August 2025.

With regard to stamp duty disclosure changes, ASIC is proposing that stamp duty be disclosed as an average amount over seven years, rather than an annual sum, in fees and costs summaries. The proposal would require a change to ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070 (Instrument 2019/1070). While on private debt transparency, ASIC is proposing class order relief for superannuation trustees, aligning portfolio holdings disclosure obligations for internally-managed private debt with externally-managed private debt.