Enhanced regulatory sandbox

The Australian Government has introduced the enhanced regulatory sandbox (ERS). The sandbox allows natural persons and businesses to test certain innovative financial services or credit activities without first obtaining an Australian financial services (AFS) licence or Australian credit licence (credit licence). The ERS aims to facilitate financial innovation in Australia from 1 September 2020.

The enhanced regulatory sandbox supersedes the previous regulatory sandbox administered by ASIC. It allows testing of a broader range of financial services and credit activities for a longer duration (up to 24 months). We have provided several resources providing information and guidance on the new framework:

If an entity intends to use the enhanced regulatory sandbox, it must first complete and lodge with ASIC a prescribed form for the financial service or credit activity that you plan to test:

If you require additional information or assistance with the ERS exemption, contact ASIC's Innovation Hub at innovationhub@asic.gov.au.

Innovation Hub Logo Bw

Subscribe for updates

IhsubscribeSubscribe to receive news alerts on a wide range of Innovation Hub activities including news, events, publications, announcements, and more.

Subscribe now



GFIN invites firms to participate in cross-border testing

30 October 2020

The Global Financial Innovation Network (GFIN) is inviting applications from firms to test innovative financial products, services, business models or regulatory technology across more than one country or jurisdiction.

Find out more

ASIC issues guidance for Government’s enhanced regulatory sandbox

25 August 2020

ASIC has released guidance to assist innovative financial businesses test their products and services under the Government’s enhanced regulatory sandbox (ERS), scheduled to commence on 1 September 2020.

Find out more




Financial Innovation: Regulator meet-up, recording now available

1 December 2020

ASIC's regulator meet-ups bring together representatives from national bodies to outline their latest initiatives and news with financial innovation and technology. More information.

Watch here

11th ASIC regtech liaison forum

4 December 2020

The forum provides a regular chance for industry representatives and regulators to discuss the developments and opportunities within the regulatory technology (regtech) space. More information.



Last updated: 01/09/2020 08:57