Do you know what you need to report under new AFSL breach reporting rules?

From October 2021, AFS Licensees will be required to report a much broader range of incidents to ASIC – including when an investigation of an incident goes for longer than 30 days. Do you know what you need to report?

Our Financial Services team can provide you with the necessary training to recognise reportable breaches and incidents, and navigating the new framework.

Our expertise includes:

  • Ongoing AFSL compliance support via an online portal
  • Advising clients on AFSL authorisations, breach reporting, best interests duty, and relief applications
  • Assisting with ACL and AFSL applications and variations
  • Assistance with ASIC notices, investigation and enforcement including suspension and banning orders
  • Developing and/or reviewing compliance policies and disclosure documents
  • Financial services regulatory advice
  • Training on breaches and incidents, and navigating the new framework.
To know that we have all of our AFSL ‘collateral’ in one place, in the right place and that it is current, gives us great comfort in meeting our obligations under the Act and to the regulator. I would highly recommend Cowell Clarke's services to any AFSL holder.

Edwards Marshall Advisory Pty Ltd

We engaged Cowell Clarke to help us with our AFSL and Credit Licence Compliance obligations. We immediately found the Compliance Portal of great assistance when it comes to policies, registers, reminders and document storage.

Stewart Partners

Cowell Clarke provides us with a fully outsourced AFSL Compliance function. Utilising their specifically developed AFSL Compliance Portal and experienced staff they have effectively removed all AFSL compliance administration from our business whilst simultaneously ensuring we are appropriately managing compliance risk.

Philip Riquier, Director, Accord Property

We have found the Cowell Clarke portal a very useful resource for our limited AFSL needs, it has acted as a central point for information and retention of our key documents. We have also found the Cowell Clarke AFSL team to be most supportive in our endeavours and always available to assist with queries.

Tilbrook Rasheed

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