Finance & Insurance

Compliance for Financial Services & Insurance Businesses

Financial services and insurance businesses operate under some of Australia's most demanding regulatory frameworks — ASIC, APRA, AML/CTF, and the Privacy Act all apply. Reguladar gives you one dashboard to track every obligation.

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Common Challenges

Compliance pain points for finance & insurance businesses

Licensing and ongoing AFSL obligations

Holding an Australian Financial Services Licence (AFSL) or Australian Credit Licence (ACL) comes with continuous obligations including responsible managers, training, dispute resolution membership, and annual lodgements with ASIC.

Anti-money laundering compliance

Most financial services businesses are reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act. This requires an AML/CTF programme, customer due diligence, and annual compliance reports to AUSTRAC.

Privacy and client data obligations

Financial services businesses collect extensive sensitive personal and financial information. The Privacy Act, combined with professional obligations, demands robust data handling policies, breach response plans, and client consent frameworks.

Regulations

Key regulations that apply to you

These are the primary regulatory frameworks Reguladar tracks for finance & insurance businesses.

Corporations Act 2001

AFSL obligations, financial product disclosure, and ASIC reporting

National Consumer Credit Protection Act 2009

ACL obligations, responsible lending, and credit disclosure requirements

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

Customer due diligence, AML/CTF programme, and AUSTRAC reporting

Privacy Act 1988

Handling of client financial and personal information

Insurance Contracts Act 1984

Policy disclosure, duty of utmost good faith, and claims handling

Fair Work Act

Employment conditions under the Finance Sector Union and related awards

Deadlines

Never miss a compliance deadline

Reguladar tracks all your recurring obligations and alerts you before they're due.

ObligationFrequency
BAS lodgementQuarterly or monthly
Superannuation guaranteeQuarterly
ASIC annual review feeAnnually
AFSL / ACL compliance certificateAnnually
AUSTRAC AML/CTF annual compliance reportAnnually (by 31 March)
Professional indemnity insurance renewalAnnually
Internal dispute resolution reviewAnnually

FAQ

Frequently asked questions

What are the key ongoing obligations under an AFSL?
AFSL holders must maintain adequate responsible managers, provide Financial Services Guides and Product Disclosure Statements, belong to the Australian Financial Complaints Authority (AFCA), maintain professional indemnity insurance, lodge audited accounts with ASIC, and meet ongoing training and competency standards. Breaches can result in licence suspension or cancellation.
Who needs to comply with the AML/CTF Act?
Businesses that provide designated services — including lending, foreign exchange, financial advice, and insurance — are reporting entities under the AML/CTF Act and must enrol with AUSTRAC, implement an AML/CTF programme, conduct customer due diligence, and submit annual compliance reports.
What is the Australian Financial Complaints Authority (AFCA)?
AFCA is the external dispute resolution scheme for financial services and credit complaints. AFSL and ACL holders are required to be members of AFCA and to comply with its rules. AFCA membership must be maintained at all times the licence is held.

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