meta_id 3342530

On July 21, 2026, Australia's Department of the Treasury issued Banking Exemption No. 2 of 2026 under the Banking Act 1959. The exemption came into force on the same date and is now in effect. Banking exemptions under the Banking Act 1959 allow the Department of the Treasury to provide relief from certain regulatory requirements for banking institutions that meet specified criteria. These exemptions are typically issued to address operational challenges, facilitate compliance with evolving regulatory standards, or accommodate specific circumstances affecting authorised deposit-taking institutions (ADIs). The exemption is administered by the Department of the Treasury and represents an official legislative instrument registered on the Federal Register of Legislation under reference F2026L00983. The Department of the Treasury published both the legislative instrument and an accompanying explanatory statement to provide clarity on the exemption's scope and application. These documents are available in both Word and PDF formats from the Federal Register of Legislation website. The specific provisions and conditions of Banking Exemption No. 2 of 2026 are detailed in the legislative instrument and explanatory statement. Authorised deposit-taking institutions and other relevant stakeholders should review these documents to understand how the exemption applies to their operations and any compliance obligations that may arise. **References:** Federal Register of Legislation. (2026). Banking exemption No. 2 of 2026. Retrieved from https://www.legislation.gov.au/