ASIC Breach Reporting Training Australia

Understanding reportable situations and breach reporting obligations under Australian financial services and credit law

A practical, scenario based introduction to ASIC breach reporting obligations for financial services and credit licensees. This course explains what constitutes a reportable
situation, when and how breaches must be reported to ASIC, and the consequences of failing to comply. Learners explore realworld scenarios to build confidence in identifying, escalating and
managing breaches in line with ASIC expectations.

This course teaches staff:

• The role of ASIC and why breach reporting is critical to financial system integrity
• How to identify a reportable situation, including significant and likely breaches of core obligations
• When a breach must be reported, and how ASIC interprets “knows” and “reckless”
• How to report a breach through the ASIC Regulatory Portal
• How robust compliance systems and breach registers support ongoing compliance
• The civil and criminal consequences of failing to report breaches to ASIC