Cropped image of business person sticking note on glass window at office
AU Energy Compliance

When should you hire a compliance manager?

If you’re wondering if it’s time to hire a compliance manager, ask yourself how often you think about regulatory compliance and whether your business is across all regulatory obligations with appropriate controls in place. If the answer to the last question is not enough or no, it may be time to take on such an employee.

Read More »
Princes Pier in Port Melbourne Victoria Australia
AU Energy Compliance

Investigating Regulatory Breaches

For an executive within an energy business, identifying a regulatory breach can be a gut-wrenching experience. Being told that your business has inadvertently breached the law, understandably raises concerns about the impact of the breach on your customers, stakeholders, and reputation.

In this post we look at the steps involved in identifying and reporting on a potential regulatory breach.

Read More »
Young people encouraging race runners
AU Energy Compliance

An Alternative to Compliance by Coercion

Alternatives to penalties are provided by the behavioural sciences, including command and control and economic instruments such as ‘nudging.’ The underlying concept is to create an environment in which individuals make choices based on nudges towards the desired state. This area is well-developed thanks to the advertising industry and, in the context of compliance, is considered to be ‘at the forefront of regulatory policy and governance.’

Read More »
Male stockbroker in formal clothes works in the office with financial market
AU Energy Compliance

ASIC’s report on regulatory technology

The Australian Securities and Investment Commission (ASIC) has published a report (Report 685) on ASIC’s Regtech initiatives during 2019-2020. We’ve spoken previously about the benefits

Read More »
Financial Services

How to obtain an AFSL

Regulatory guides are published by ASIC to give guidance to regulated entities by explaining when and how ASIC will exercise specific powers, to explain how

Read More »
Financial Services

Unfair Contract Terms

In March 2018, the Australian Securities and Investment Commission (ASIC) published REP 565 (found here: https://asic.gov.au/regulatory-resources/find-a-document/reports/rep-565-unfair-contract-terms-and-small-business-loans/), which outlines changes to small business loan contracts made

Read More »