With the ongoing scrutiny of the broking sector and lenders applying pressure on aggregators to ensure their ACL holders are compliant with the Responsible Lending guidelines of ASIC's Regulatory Guide 209 and the Best Interests Obligation guidelines i...

Credit Licensees now have an obligation to report breaches to ASIC in certain situations. If a breach is reportable and you don't report it, you may be fined or face jail time. ASIC's Regulatory Guide 78 describes four different types of "reportable situations"...

Australian Credit Licensees in the "Intermediary" sector who received their annual invoice from ASIC for the Supervisory Cost Recovery Levy this week would have been in for a shock.

Brokers may have been hearing from a variety of sources about a raft of reforms and law changes that come into effect in October 2021. At QED Risk Services, we believe that as long as you have been running your business efficiently and effectively, utilising all the tools at your disposal in CompliFast, these changes shouldn't have a big impact on your processes. These reforms cover...

In response to the six new laws that are set to impact the financial sector from October 2021, we say NBD.

These ASIC enforced reforms will address recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. As far as how these may affect you...