What is ASIC's plan for the private credit industry in Australia?

ASIC plans to step up enforcement against poor private credit practices and target misleading pricing practices by banks, insurance firms, and pension fund trustees as part of its priorities for 2026.

How large is the private credit industry in Australia?

The private credit industry in Australia is valued at $200 billion.

What is the focus of ASIC's crackdown on the private credit industry?

ASIC aims to address the lack of investor protection in the rapidly growing private credit sector and ensure transparency and fairness in the financial services industry.

Home / Business and Economy / ASIC Promises Aggressive Action Against Risky Private Credit Funds

ASIC Promises Aggressive Action Against Risky Private Credit Funds

13 Nov, 2025

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Summary

ASIC to step up enforcement against poor private credit practices
$200 billion private credit industry continues to expand in Australia
ASIC to target misleading pricing by banks, insurers, and pension funds

ASIC Promises Aggressive Action Against Risky Private Credit Funds

In a significant move, Australia's corporate regulator, the Australian Securities & Investment Commission (ASIC), has announced plans to step up enforcement against private credit funds that fail to protect investors. This announcement comes as the $200 billion private credit industry in the country continues to expand.

ASIC's deputy chair, Sarah Court, will unveil the regulator's plans to take more aggressive legal action against poor private credit practices as part of its priorities for 2026. This crackdown aims to address the growing concerns over the lack of investor protection in the rapidly growing private credit sector.

Alongside the focus on private credit funds, ASIC has also stated that it will target misleading pricing practices by banks, insurance firms, and pension fund trustees. This broader initiative underscores the regulator's commitment to ensuring transparency and fairness in the financial services industry.