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MarketplaceGRCRG 78
GRCGuideline

RG 78

Regulatory Guide 78: Breach Reporting by AFS Licensees and Credit Licensees

This guide provides Australian Financial Services (AFS) licensees and credit licensees with instructions on reporting certain legal breaches to ASIC, as required under the Corporations Act 2001 and the National Consumer Credit Protection Act 2009.

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Overview

Regulatory Guide 78 outlines obligations for AFS and credit licensees to report breaches of the law to the Australian Securities and Investments Commission (ASIC). Specifically, it refers to Division 3 of Part 7.6 under the Corporations Act 2001 and Division 5 of Part 2-2 under the National Consumer Credit Protection Act 2009. The guide clarifies circumstances under which reporting is mandatory and provides detailed regulatory procedures. It aims to enhance transparency and ensure compliance within the financial services and credit sectors. RG 78 was officially issued on December 19, 2023.

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GRCLaw

ASIC Act — Australian Securities and Investments Commission Act 2001

This Act establishes the legal framework for the operation of the Australian Securities and Investments Commission (ASIC), which is responsible for regulating company, financial services, and consumer protection laws in Australia. It outlines ASIC's powers, functions, and responsibilities while detailing provisions for consumer protection and fair competition in financial services industries.

Australian Government • Australia • vNo. 91, 1 July 2023

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RG 132 — Regulatory Guide 132: Funds management: Compliance and oversight

This regulatory guide outlines compliance and oversight obligations for managed investment schemes, retail and wholesale corporate collective investment vehicles, and other related entities. It helps responsible entities understand their obligations under the Corporations Act and other relevant laws.

Australian Securities & Investments Commission (ASIC) • Australia

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RG 205 — Regulatory Guide 205: Credit Licensing: General Conduct Obligations

RG 205 is a regulatory guide issued by ASIC detailing the general conduct obligations for credit licensees, license applicants, and unlicensed carried-over instrument lenders. It helps entities comply with the National Credit Act and outlines specific areas of focus during compliance assessments.

Australian Securities & Investments Commission (ASIC) • Australia

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GRCGuideline

RG 207 — Regulatory Guide 207: Credit licensing: Financial requirements

RG 207 outlines the minimum expectations for Australian credit licensees to comply with the financial resource requirements under the National Consumer Credit Protection Act 2009. It provides guidance on how licensees should demonstrate adequate financial resources to ASIC during license application and annual compliance certification.

Australian Securities & Investments Commission (ASIC) • Australia

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