AFSL & ACL Compliance Training – Sydney

Andrea Beatty conducts CPD workshops on Australian Credit Licence (ACL) and Australian Financial Service Licence (AFSL) compliance

Andrea Beatty, Partner in Piper Alderman’s banking and financial services team is delighted to offer to offer a training workshop to update ACL and AFSL participants on:

  • what they need to know to have trouble-free compliance with their ACL and AFSL obligations;
  • the current regulatory issues and traps, and how to avoid them; and
  • the things Responsible Managers and Representatives and those responsible for their Representatives need to know.

This training workshop is a practical guide to ACL and AFSL licensing obligations, with current case studies to keep your business informed and up to date on changes in the industry.

This session is suitable for:

  • ACL and AFSL responsible managers;
  • ACL credit representatives and AFSL authorised representatives;
  • Legal and compliance personnel; and
  • Operations and marketing personnel.
  • Mortgage and finance brokers
  • Financial planners and advisers
  • Credit providers
  • Fintech and regtech developers / promoters

Programme Outline

Session 1 – AFSL & ACL key obligations
  • Rights, Responsibilities and Obligations
  • Your licence and your obligations as a licensee – broad compliance obligations, internal systems requirements (e.g. risk management, conflicts of interests and dispute resolution), people and resourcing requirements
  • Quick tips for AFSL & ACL Responsible Managers
Session 2 – Financial Services focus areas
  • Financial advice
  • Blockchain and finance
  • Banking Royal Commission updates
  • ASIC enforcement activities
  • The changing face of financial services
Session 3 – ACL focus areas
  • Responsible lending
  • Hardship
  • Unfair contract terms
  • Comprehensive credit reporting
  • Buy-now-pay-later
  • ASIC enforcement activities
  • Case studies
Session 4 – AFSL and ACL industry updates
  • Mandatory data breach reporting
  • GDPR
  • AML / CTF
  • AUSTRAC enforcement activities
  • Advertising and marketing
  • AFCA
  • Code of banking practice
  • Whistleblowing laws
  • ASIC’s new product intervention powers
  • ASIC’s new design and distribution obligations
  • Consumer Data Right and Open Banking

An optional take-home multiple-choice open book exam can be taken following the workshop.

Responsible Managers can claim 7 CPD units and 9 CPD units if they complete an optional take-home multiple choice open book quiz.

Certificates of attendance will be given to all participants.

Cost: Full day: $1,500 inc GST per person
Half day (AM or PM): $1,050 inc GST per person
Discounts for groups of 3 or more are available.

We also offer training at client premises for a fixed fee for unlimited attendees.

Registration fee includes:

  • Materials
  • Lunch
  • Light refreshments
  • Tea & coffee
  • Networking drinks
A tax invoice will be issued for payment upon registration
Piper Alderman will provide a full refund of the session cost when 72 hours or more notice of your cancellation is provided in writing. The surcharge incurred to process payments is non refundable. Cancellations within 72 hours of the training session will not be refunded. Replacements to transfer the registration to a colleague are welcome.