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PX Partners recently hosted a webinar to share practitioner insights on: AML/CTF Changes – what to watch ahead of AUSTRAC’s 2026 AML/CTF reforms CPS 230 – enhanced expectations of APRA-regulated entities and downstream impacts on Material Service Providers (MSPs) Compliance Plans and Controls Uplift – aligning with evolving APRA and ASIC expectations

In light of the Australian Securities and Investments Commission’s (ASIC) recent review into  compliance plans across the managed investment industry, Responsible Entities (REs) are being urged to move beyond a legalistic, checkbox approach and adopt a more robust, risk-based mindset. The findings, published in ASIC’s media release 25-090MR, reveal systemic deficiencies in Compliance Plans and large scale non-compliance with Regulatory requirements. 

Depending who you ask, definitions of Governance vary wildly. Some see governance as something that Boards do, others as reporting or even as an administrative function that adds no value. To us at PX Partners, governance is at the heart of the organisation. It as is the linchpin that connects strategy with planning with risk management, obligations, reporting, and accountability. It is the mechanism through which organisations demonstrate their integrity, resilience, and compliance - especially under the weight of new regulatory expectations like APRA’s CPS 230 and the Financial Accountability Regime (FAR).

PX Partners announces the expansion of its practitioner-led business, appointing Alka Sivapalan as Director to lead the newly established Melbourne office. This strategic move reinforces PX Partners’ commitment to delivering pragmatic and sustainable solutions through a client aligned business model free of structural conflicts of interest. With a proven track record of delivering superior outcomes for clients, PX Partners is uniquely positioned to meet the needs of Melbourne’s thriving financial services ecosystem with governance, risk and compliance solutions. Alka Sivapalan, a highly experienced risk and compliance professional, brings more than two decades of experience working in the financial services sector, including roles within the ‘Big 4’ Australian banks, wealth management, insurance, and the aged care industry. Alka has established and led second-line risk teams, developed and implemented risk and compliance frameworks, and spearheaded assurance reviews across complex organisations. Managing Director, Tanushree Dabral, commented: “We are delighted to welcome Alka to PX Partners and to see our presence grow in Melbourne. Her deep expertise in risk, compliance, and governance, combined with her commercial acumen  will deliver immense value to our clients in Victoria.” Tanushree added that “Alka shares the PX Partners belief that best solutions come from practitioners who understand the commercial realities of running businesses.”

Following ASIC report 795, PX Partners hosted a webinar to share insights on distributor oversight and explored: What can reasonably be achieved in the context of the Issuer – Distributor relationship. The experience of a large scale product Issuer (Phil Blackmore from Perpetual Corporate Trust). The KYD RegTech Solution – Supporting Issuers and Distributors with efficient and effective oversight

Jon O'Keeffe, Managing Director of PX Partners, has been appointed to the Board of the Alliance for Gambling Reform, an organization committed to advocating for significant reforms in gambling policies and reducing harm in the community. Jon brings his extensive experience in risk management, compliance, and governance—skills that will be crucial in supporting the Alliance's mission to drive meaningful change. His expertise in these areas will help the organisation ensure effective oversight and contribute to shaping strategies that uphold the highest standards of accountability and transparency.