stay up to date with our legislative & training information
Upcoming Changes to AML/CTF Legislation: What You Need to Know
Background Information Australia is implementing one of its most significant overhauls of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime since the Act was introduced in 2006. The AML/CTF Rules 2025, tabled in Parliament on 29 August 2025,...
ASIC’s Update on Offshoring: Compliance Expectations for Licensees
Offshoring is here to stay! Across Australia, licensees are increasingly turning to offshore providers for paraplanning, administration, and SEO. The efficiencies are clear—but so are the compliance responsibilities. Getting this balance right is critical. Licensee...
Digital Technologies and Financial Services
Background Information The Australian Securities and Investments Commission (ASIC) has intensified its focus on cyber security and artificial intelligence (AI) in response to the evolving digital landscape and increasing reliance on technology across financial...
ASIC’s Limited No-Action for Fee Consents
Summary ASIC has granted a limited no-action position for licensees that have entered into an ongoing fee arrangement (OFA) with clients between 10 January 2025 to 5 September 2025 where an account number was not included in the consent form. Background Information On...
2025/2026 Core compliance Training Courses Now Available
What are the Core Compliance Courses? The Core Compliance Training Courses offered by GRC Essentials are the cornerstone of compliance regulations. They are: Privacy Obligations 2025 - 26 Breach and Incident Reporting 2025 - 26 Cyber Security Essentials 2025 - 26...
Insurance Commissions Requirements
BACKGROUND INFORMATION Insurance commissions are monetary benefits paid to financial advisers, or brokers, by insurers. These commissions are intended to compensate advisers for recommending and arranging insurance products. Historically, insurance...
Understanding Financial Advice Types
In the dynamic landscape of financial services, clarity and compliance are paramount. Distinguishing between different types of financial information and advice is not just a regulatory requirement, but a cornerstone of effective client engagement and risk...
Artificial Intelligence (AI) in Financial Services
Key Obligations and Requirements: Background Information Artificial Intelligence (AI) is the simulation of human intelligence by machines and technology, enabling them to perform tasks that typically require human cognition. Generative AI are AI Systems that generate...
Thriving Through Change
In today’s professional landscape, change is a constant. At GRC Essentials, we understand that workplace transitions can evoke a range of reactions, stemming from our innate preference for stability. To help you and your teams navigate these unavoidable shifts...
Reportable Situations 2025 Update
Breach Reporting Obligations Regulatory Guide 78, which was last updated in April 2023, has set the expectations for dealing with reportable situations. As indicated in the RG, AFS licensees and credit licensees have record-keeping obligations when breaches occur,...
Addressing the Cost of Rework
In any professional setting, efficiency and accuracy are crucial for maintaining productivity, and ensuring compliance. Rework, the need to redo tasks due to errors or oversights, can significantly hinder these goals. GRC Essentials is pleased to announce the launch...
Cyber Security Act 2024 Update
Key Obligations and Requirements: Background Information 2022 and 2023 saw several Australian companies hit with significant data breaches or cyberattacks, which lead to the Australian Government adopting a whole-of-economy approach to ensuring cyber robustness....