In a recent media release from the Federal Treasury Department, the Government announced changes to the Mutual Assistance in Business Regulation Act 1992 (Cth) which aim to facilitate information sharing between Australian regulators and their foreign counterparts. The amendments allow Australian business regulators to share information for supervisory purposes and aim to achieve greater global cooperation in the regulation of international financial markets. The move comes after Federal Parliament passed legislation in November 2012 to align Australia’s corporations law with its G20 commitments to achieve transparency and harmonisation in the regulation of over-the-counter derivatives.