Breach reporting and related obligations

Released 22 April 2021. Comments close 3 June 2021.

This consultation paper sets out our proposals for providing guidance to Australian financial services (AFS) licensees and Australian credit licensees (credit licensees) on the breach reporting obligation that applies from 1 October 2021.

It also sets out our proposals for guidance on the new obligations for AFS licensees who are financial advisers and credit licensees who are mortgage brokers. The obligations require these licensees to notify, investigate and remediate breaches of the law in certain circumstances.

Download

• Consultation Paper 340 (PDF 232 KB)
• Attachment 1 to CP 340: Draft Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees (PDF 612 KB)
• Attachment 2 to CP 340: Draft Information Sheet 000 Complying with the notify, investigate and remediate obligations (PDF 216 KB)

Related documents

• Media release 21-080MR ASIC consults on draft guidance on breach reporting reforms
• INFO 259 Complying with the notify, investigate and remediate obligations
• RG 78 Breach reporting by AFS licensees and credit licensees
• Superseded SRG 78 Breach reporting by AFS licensees
• REP 698 Response to submissions on CP 340 Breach reporting and related obligations