General Corporate Compliance Training
General Corporate Compliance
A simple enterprise-wide solution for a complex world of regulation.
Effective compliance training is learning that is engaging, relevant and meaningful for organisations and their employees.
Our Corporate Compliance modules are suitable for organisation wide training from front-line employees to management and leadership and directors.
- Licensees must comply with general obligations under various Acts, including the Corporations Act.
- All financial representatives must be trained to adhere to financial services-specific regulation and industry codes with respect to conduct.
Licensees are also required to be able to provide evidence to regulators that their representatives are adequately trained to perform their role on both an initial and ongoing basis.
(RG 104 AFS licensing: Meeting the general obligations, RG 205 Credit licensing: General conduct obligations).
Tailor your learning journey
Select specific modules your team requires allowing you to focus on just the areas that matter most.
Effective, meaningful training
Engaging modules, helping learners to efficiently process, retain, and apply information.
Flexible delivery
Online via our LMS or SCORM files hosted on your LMS. Customisable to your organisation’s policies and procedures.
Fits easily into busy workdays
Each module is 30-45 mins. The perfect study duration, balancing convenience with learning.
Frequently Asked Questions
Corporate Solutions
Request a quote for your team.
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Purchase online: Three easy steps to get your team started.
- Visit our Shop Page and select General Compliance
- Select your courses to meet you and your team’s general obligations
- Add the required number of courses to your cart
We will request participants name and email. Once confirmed, we will enrol your team and they can begin their training.
Our general corporate compliance training contains a suite of engaging online modules designed to make employees aware of their responsibilities and feel empowered to uphold the conduct and regulatory standards applicable to their organisation.
A general compliance module – refers to a corporate e-learning course designed to meet specified organisational, legislative and/or conduct requirements.
The team at FEP understands that effective compliance training is not just about delivering regulatory content; it’s about creating learning that is engaging, relevant and impactful for organisations and their employees.
We design training experiences that resonate with individuals, ensuring they gain practical knowledge and skills that are immediately applicable to their roles.
Regulatory News
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29 November 2024
Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024
29 November 2024Amends the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to: extend the anti-money laundering and counter-terrorism financing (AML/CTF) regime to additional services that are recognised by the Financial Action Task Force as posing high money laundering and terrorism financing risks; reframe and clarify the AML/CTF program and customer due diligence obligations; enable the Australian Transaction Reports and Analysis Centre to require the disclosure of information and conduct examinations; and update the AML/CTF regime to reflect changing business structures, technologies and illicit financing methodologies; and make consequential amendments. Also makes consequential or contingent amendments to 10 other Acts; and repeals the Financial Transaction Reports Act 1988.
View sourceAnti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024
Amends the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to: extend the... -
29 November 2024
Privacy and Other Legislation Amendment Bill 2024
29 November 2024Amends the: Privacy Act 1988 and 7 other Acts to introduce a range of measures to protect the privacy of individuals with respect to their personal information, including expanding the Information Commissioner’s powers, facilitating information sharing in emergency situations or following eligible data breaches, requiring the development of a Children’s Online Privacy Code, providing protections for overseas disclosures of personal information, introducing new civil penalties, and increasing transparency about automated decisions which use personal information; Privacy Act 1988 to introduce a statutory tort to provide redress for serious invasions of privacy; and Criminal Code Act 1995 to introduce criminal offences targeting the release of personal data using a carriage service in a manner that would be menacing or harassing (known as ‘doxxing’).
View sourcePrivacy and Other Legislation Amendment Bill 2024
Amends the: Privacy Act 1988 and 7 other Acts to introduce a... -
27 November 2024
APRA and ASIC release observations from the banking industry’s implementation of the Financial Accountability Regime
27 November 2024The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published a letter containing observations on registration and notification lodgements made since the Financial Accountability Regime (FAR) commenced for the banking industry.
The letter identifies areas that require further consideration by banking entities and reiterates specific aspects, consistent with previously released FAR guidance, to entities across the banking, insurance and superannuation industries.
Entities should review the observations and areas for further consideration provided in the letter for the purposes of ensuring compliance with their obligations under the FAR.
View APRA WebsiteThe Australian Prudential Regulation Authority (APRA) and the Australian Securities and... -
25 November 2024
ASIC update on maintenance of regulatory guides
25 November 2024ASIC is updating its regulatory guides (RGs) to ensure they remain simple to follow, effective, current, and appropriate.
This is part of our firm commitment to improving regulatory efficiency and reducing regulatory complexity, as announced at this year’s ASIC Annual Forum.
To assist regulated entities in understanding the law, we publish updated regulatory guidance on an ongoing basis and this work will continue in 2025.
In 2025, ASIC will consult with stakeholders to update some key RGs, taking into account law reform, insights from case law about the provisions and other relevant issues. The RGs that we intend to update next year, include:
- Regulatory Guide 53 The use of past performance in promotional material
- Regulatory Guide 168 Disclosure: Product Disclosure Statements (and other disclosure obligations)
- Regulatory Guide 181 Licensing: Managing conflicts of interest
- Regulatory Guide 183 Approval of financial services codes of conduct, and
- Regulatory Guide 234 Advertising financial products and services (including credit): Good practice guidance.
ASIC update on maintenance of regulatory guides
ASIC is updating its regulatory guides (RGs) to ensure they... -
25 November 2024
APRA publishes Chair John Lonsdale’s speech on geopolitical risk
25 November 2024The Australian Prudential Regulation Authority (APRA) has published a speech delivered by Chair John Lonsdale this afternoon to the European Australian Business Council in Sydney.
In “Forewarned and forearmed”, Mr Lonsdale spoke about how financial regulators globally, including APRA, are increasing their focus on the potential for geopolitical events to impact the financial and operational soundness of banks, insurers and superannuation funds.
View APRA WebsiteAPRA publishes Chair John Lonsdale’s speech on geopolitical risk
The Australian Prudential Regulation Authority (APRA) has published a speech... -
20 November 2024
ASIC writes to superannuation trustees to drive improvement to death benefit claims handling
20 November 2024ASIC has been enforcing its expectations in relation to licensees’ treatment of customers experiencing vulnerability. Its communication to superannuation trustees to drive improvements to their death benefit claims handling practices followed its recent filing of civil penalty proceedings against Cbus.
View ASIC WebsiteASIC writes to superannuation trustees to drive improvement to death benefit claims handling
ASIC has been enforcing its expectations in relation to licensees’... -
20 November 2024
End-to-end accountability: Remarks to Association of Superannuation Funds of Australia Conference 2024
20 November 2024Banking, insurance, and superannuation entities are all encouraged to review the observations in the appendix to the letter, with ASIC Commissioner Simone Constant having reminded ASFA conference delegates that senior executives in the superannuation sector will become accountable persons under FAR from March 2025.
View ASIC WebsiteBanking, insurance, and superannuation entities are all encouraged to review... -
14 November 2024
ASIC Annual Forum 2024: Bridging generations – regulating for all Australians
14 November 2024Keynote opening address by ASIC Chair Joe Longo at the ASIC Annual Forum, 14 November 2024
Key points
- As a community, we rightly value regulation as a necessary part of our lives to advance and protect the interests of everyone, particularly the vulnerable.
- Against this background of multiple waves of reform, past present and future, and as we stand on the cusp of ever more change – it’s time for a renewed national discussion about regulatory complexity.
- It’s time to ask: is this working, and if not, what should be done? It means looking to the future and considering how things should evolve to deal with not just the problems of this generation – but also the next. That challenge is front of mind for ASIC.
ASIC Annual Forum 2024: Bridging generations – regulating for all Australians
Keynote opening address by ASIC Chair Joe Longo at the... -
14 November 2024
ASIC announces new enforcement priorities with a focus on cost of living pressures
14 November 2024In 2025, ASIC’s enforcement priorities will focus on:
- Misconduct exploiting superannuation savings
- Unscrupulous property investment schemes
- Failures by insurers to deal fairly and in good faith with customers
- Strengthening investigation and prosecution of insider trading
- Business models designed to avoid consumer credit protections
- Misconduct impacting small businesses and their creditors
- Debt management and collection misconduct
- Licensee failures to have adequate cyber-security protections
- Greenwashing and misleading conduct involving ESG claims
- Member services failures in the superannuation sector
- Auditor misconduct
- Used car finance sold to vulnerable consumers by finance providers
ASIC announces new enforcement priorities with a focus on cost of living pressures
In 2025, ASIC’s enforcement priorities will focus on: Misconduct exploiting... -
12 November 2024
ASIC sues Cbus alleging systemic claims handling failures
12 November 2024ASIC Deputy Chair Sarah Court said, ‘Delays in claims processing like those alleged by ASIC cause real harm to families who may be relying on the payments to meet critical expenses. This adds to difficult personal circumstances, whether grieving for a loved one or dealing with severe injury or illness. The additional anxiety and pain these delays caused compounded the issues these members and their families faced.”
ASIC sues Cbus alleging systemic claims handling failures
ASIC Deputy Chair Sarah Court said, ‘Delays in claims processing... -
12 November 2024
What happened at ASIC’s first Digital Assets Liaison Meeting
12 November 2024ASIC’s inaugural Digital Assets Liaison Meeting (DALM) took place on 11 September 2024. More than 190 industry representatives attended online and in person at ASIC offices.
The DALM has been established as a regular event to provide the digital assets industry with insights into ASIC’s strategic priorities and key projects, and give opportunity for Q&A.
View ASIC WebsiteWhat happened at ASIC’s first Digital Assets Liaison Meeting
ASIC’s inaugural Digital Assets Liaison Meeting (DALM) took place on... -
24 October 2024
APRA amends operational risk financial requirements for superannuation trustees
24 October 2024The Australian Prudential Regulation Authority (APRA) has amended the prudential requirements for superannuation trustees relating to operational risk financial requirements (ORFR) as set out in Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) and related guidance.
The changes aim to strengthen operational resilience by ensuring trustees can better access the financial resources held to meet the ORFR when needed and to maintain an appropriate level of reserving.
The key changes are to:
- clarify the purpose of the ORFR;
- widen the allowable range of uses for the ORFR;
- introduce a clear and direct relationship with Prudential Standard CPS 230 Operational Risk Management (CPS 230); and
- amend the APRA notification requirements to facilitate further use of the ORFR.
APRA amends operational risk financial requirements for superannuation trustees
The Australian Prudential Regulation Authority (APRA) has amended the prudential... -
24 October 2024
Keynote address by ASIC Commissioner Kate O’Rourke at the 34th Annual Credit Law Conference
24 October 2024Keynote address by ASIC Commissioner Kate O’Rourke at the 34th Annual Credit Law Conference.
Key Points
- Improving consumer outcomes in relation to financial products and services is a priority for ASIC. We will continue to focus on protecting consumers from poor conduct and harm from products in the credit and banking sectors.
- We also remain focused on advancing digital and data safety including addressing technology enabled misconduct like scams – and monitoring the use of artificial intelligence.
- We continue to monitor the regulatory settings (including the responsible lending obligations) and their outcomes. Our findings indicate that consumers continue to be able to access credit overall – and it is increasing.
Keynote address by ASIC Commissioner Kate O’Rourke at the 34th Annual Credit Law Conference
Keynote address by ASIC Commissioner Kate O’Rourke at the 34th... -
24 October 2024
APRA publishes Opening Statement to the Senate inquiry into Australia’s financial regulatory framework and home ownership
24 October 2024APRA’s primary purpose is to ensure the safety and stability of the Australian financial system. A stable financial system is essential for a thriving and dynamic economy.
APRA’s mandate in supervising banks is to protect the interests of depositors and to promote financial stability. This objective is critical to the Australian community’s long-term financial well-being – a safe and stable financial system enables households and businesses to confidently borrow, save and invest for the future. We strive to perform our role in keeping with our Statement of Expectations which includes the facilitation of the flow of finance to the economy.
View APRA WebsiteAPRA’s primary purpose is to ensure the safety and stability... -
22 October 2024
APRA releases letter to RSE licensees on intensified supervision approach
22 October 2024The Australian Prudential Regulation Authority (APRA) has written to all registrable superannuation entity (RSE) licensees outlining its approach for intensifying supervision of fund-level expenditure.
The letter provides RSE licensees with clarity about APRA’s planned activity in this area over the next 12 months, in accordance with APRA’s recently released Corporate Plan.
View APRA WebsiteAPRA releases letter to RSE licensees on intensified supervision approach
The Australian Prudential Regulation Authority (APRA) has written to all... -
22 October 2024
ASIC annual report underscores transformation
22 October 2024ASIC’s program of transformation continued in 2023–24, according to the agency’s latest annual report.
ASIC Chair Joe Longo said the report highlighted a range of key regulatory and enforcement outcomes focused on protecting consumers, reducing costs for businesses, and strengthening capabilities.
‘We have made significant progress with the program of transformation work we began three years ago,’ Mr Longo said.
View ASIC WebsiteASIC annual report underscores transformation
ASIC’s program of transformation continued in 2023–24, according to the... -
18 October 2024
Court rules Harvey Norman and Latitude advertising misled consumers
18 October 2024The Federal Court today ruled Latitude Finance Australia and Harvey Norman Holdings Ltd engaged in misleading conduct and made false or misleading representations in relation to a widespread advertising campaign for a 60-month interest free and no deposit payment method.
ASIC was concerned the advertisements masked the fact consumers were required to take out a credit card, such as the Latitude GO Mastercard, to purchase goods. The advertisements were published between January 2020 and August 2021.
ASIC Deputy Chair Sarah Court said, ‘ASIC took this case because we believed many consumers may have been unaware of the financial arrangements they were entering into when they bought everyday products at Harvey Norman stores. In some cases, this may have meant they paid considerably more for purchases than they expected.’
View ASIC WebsiteCourt rules Harvey Norman and Latitude advertising misled consumers
The Federal Court today ruled Latitude Finance Australia and Harvey... -
25 September 2024
ASIC’s Vanguard greenwashing action results in record $12.9 million penalty
25 September 2024The Federal Court today ordered Vanguard Investments Australia to pay a $12.9 million penalty for making misleading claims about environmental, social and governance (ESG) exclusionary screens.
These screens were applied to investments in the Vanguard Ethically Conscious Global Aggregate Bond Index Fund.
ASIC Deputy Chair Sarah Court said, ‘This is an important decision and the penalty imposed is the highest yet for greenwashing conduct. Greenwashing is a serious threat to the integrity of the Australian financial system, and remains an enforcement priority for ASIC.
View ASIC WebsiteASIC’s Vanguard greenwashing action results in record $12.9 million penalty
The Federal Court today ordered Vanguard Investments Australia to pay... -
18 September 2024
ASIC urges businesses to prepare for mandatory climate reporting
18 September 2024From 1 January 2025, many large Australian businesses and financial institutions will need to prepare annual sustainability reports containing mandatory climate-related financial disclosures, following the passage of a major bill through Parliament.
The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) passed Parliament on 9 September 2024 and received Royal Assent on 17 September 2024.
ASIC Commissioner Kate O’Rourke urged those entities captured by the rollout to proactively engage with these mandatory climate reporting requirements.
‘Large businesses and financial institutions should ensure that they implement appropriate governance arrangements and sustainability record-keeping processes ahead of the mandatory climate reporting requirements taking effect from 1 January 2025,’ said Commissioner O’Rourke.
‘This is a significant reform that will have far-reaching implications for many of our key stakeholders. ASIC recognises there will be a period of transition as organisations develop the capabilities required to comply. We will take a proportional and pragmatic approach to supervision and enforcement as industry adjusts to these new requirements.’
View ASIC WebsiteASIC urges businesses to prepare for mandatory climate reporting
From 1 January 2025, many large Australian businesses and financial... -
11 September 2024
AML/CTF Amendment Bill introduced in Parliament
11 September 2024Set to take full effect from 1 July 2026 (with 31 March 2026 a key date for some requirements), the reforms represent the most significant and substantial changes to Australia’s AML/CTF regime since its inception, imposing measures that dramatically affect both current reporting entities and services being captured for the first time.
View sourceAML/CTF Amendment Bill introduced in Parliament
Set to take full effect from 1 July 2026 (with...