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Australian boards in 2026 are operating in a structurally different risk environment. Economic stress, demographic change, geopolitical fragmentation, intensifying regulatory enforcement, rapid AI scaling and chronic technology underinvestment are converging – and they are embedded, interconnected and increasingly commercial.

Market commentary reporting on the involvement of ASIC's enforcement team in recent on-site visits and issuance of compulsory notices seeking documents and information suggests that ASIC's surveillance of the industry has shifted to formal investigations into potential contraventions of laws by certain market participants.

From 21 March 2026, healthcare facilities in Australia are now required by law to report adverse events resulting in death or serious deterioration in a patient's health associated with the use of high-risk medical devices to the Therapeutic Goods Administration.