The Albanese Government has today released the second edition of the Regulatory Initiatives Grid (RIG), an important tool to enhance transparency, coordination, and engagement across the financial sector.
First launched in December 2024, the RIG maps out upcoming reforms and regulatory activities, helping industry, regulators, and government work more closely together.
This update reflects our commitment to making it simpler and easier to do business in Australia’s financial services sector.
Following feedback from stakeholders and participants at the Economic Reform Roundtable, the Government asked financial regulators to strengthen coordination, including by streamlining and harmonising data collection and sharing. As part of this, three core principles have been embedded into the RIG:
- Minimising overlap in significant consultations and non‑routine data collection activities
- Sequencing and timing linked initiatives appropriately
- Reducing duplication in data collection processes
These changes are designed to reduce regulatory burden and improve how industry and regulators engage.
The second edition of the RIG continues to outline upcoming initiatives from financial agencies, reinforcing the Government’s commitment to a transparent and coordinated economic agenda.
The RIG is available in three formats: a comprehensive RIG Report, an interactive dashboard, and an Excel workbook
We thank the Finance Industry Council of Australia (FICA) and the many other stakeholders for working so closely to ensure the RIG remains a helpful tool for everyone.
Treasury has consulted on the design of the RIG, including holding two roundtables with FICA members.
This release demonstrates the Government’s continued vision of building a financial system that is stronger and more resilient, dynamic, competitive, and fit for the future.
The RIG is available on the Treasury website.