Summary
Amends the
Corporations Act 2001
and
Australian Securities and Investments Commission Act 2001
to update Australia’s digital asset regulatory regime by: defining the core concepts of digital tokens, digital asset platforms and tokenised custody platforms; applying the financial services law in a way that is tailored to these platforms; providing targeted exemptions for certain digital token arrangements; and providing the Australian Securities and Investments Commission and the Minister with powers to regulate these platforms.