Regulatory Alerts2026-02-20 | RG-078RG 78 Breach reporting by AFS licensees and credit licensees
The Australian Securities and Investments Commission issued this guide to assist Australian financial services and Australian credit licensees with their legal obligations. It provides detailed guidance on the requirement to report specific breaches of law under Division 3 of Part 7.6 of the Corporations Act 2001 and Division 5 of Part 2-2 of the National Consumer Credit Protection Act 2009. The document serves as a practical resource for licensees to ensure compliance with these mandatory reporting provisions.
Issued 19 December 2023
This guide is for Australian financial services (AFS) licensees and Australian credit licensees (credit licensees).
It gives guidance on your obligation to report to ASIC certain breaches of the law under Div 3 of Pt 7.6 of the Corporations Act 2001 (Corporations Act) and Div 5 of Pt 2-2 of the National Consumer Credit Protection Act 2009 (National Credit Act).
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