Artificial Intelligence (AI) presents unique regulatory and other risks that need to be managed. Read more

Legislation that seeks to recognise the experience of eligible existing providers (that is, financial advisers) as an alternative pathway to meeting the education requirements recently passed both houses of parliament and has received Royal Assent. Read more

The term 'managed investment scheme' is often used but not always well understood. You might have come across the term while planning a new business venture which will involve attracting investors and having them contribute funds. Read more

As the Australian Transaction Reports and Analysis Centre (AUSTRAC) continues taking enforcement action against non-compliance with Australia's existing anti-money laundering/counter-terrorist financing (AML/CTF) laws, there are strong indications that ... Read more

Being a Responsible Manager is not easy. As the industry continues to grow and adapt, it is crucial for managers to stay informed and make informed decisions that benefit their licensee and satisfy regulators and stakeholders. Read more

The Australian Securities and Investments Commission (ASIC) recently updated its guidance on the breach reporting regime, with several amendments to Regulatory Guide 78: Breach reporting by AFS licensees and credit licensees (RG 78). Read more

With the recent spate of data breaches now extending to the financial services industry, Australian financial services licensees are racing to ensure that their information management procedures are up to scratch, fearing that they may be the next business ... Read more

Our financial landscape is changing. Young Australians are using new payment methods such as Buy-Now Pay-Later to manage their cash flow instead of credit. Read more

There is no shortage of stories expressing confusion and bewilderment during (and after) the 2021-22 transition year when it comes to Ongoing Fee Arrangements. Read more

The responsible manager (RM) is one of the most important positions that an Australian Financial Services (AFS) Licensee has to maintain. The RM is the person-or more likely, persons-who demonstrates the organisation's competence and is ultimately responsible ... Read more