Breach Reporting

Legislation requires licensees to properly record and report on any breach or likely breach of the Corporations Act, other financial services laws or its AFS Licence conditions. Significant enough breaches must be reported to ASIC or APRA.

Breach management can also be a valuable tool for ensuring that your organisation’s current policies and procedures are effective and help it to remain compliant with its legislative and regulatory obligations.

With the implementation of breach reporting reforms looming, get refresher training on current requirements and be prepared for the changes ahead.

Program Content

Learning Outcomes

What you will learn

  • What constitutes a breach, or likely breach, of a licensee’s legislative requirements
  • Characteristics that determine whether a breach, or likely breach, is significant
  • The process of recording a breach, or likely breach, in organisation records or to ASIC
  • How ASIC evaluates reported breaches and how it determines which items to investigate further
  • ASIC’s expectations regarding breach management-related conduct
  • Reforms to breach reporting requirements taking effect October 2021.

Who is this course for?

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

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Frequently Asked Questions

What others say about us

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM