Implementing an Effective Compliance Management Framework in Energy Retail
Energy retail is one of the most highly regulated sectors in Australia. Retailers must navigate a web of national and state laws, industry codes, and licence conditions – all enforced by multiple regulators – making compliance a complex task. An effective compliance management framework is therefore essential to avoid legal penalties and reputational damage; in fact, failing to comply can cost millions in fines or worse, result in loss to consumers and severely harm an organisation’s reputation. To assist businesses in managing these obligations, international standards like ISO 37301:2021 (Compliance Management Systems) and its predecessor AS ISO 19600:2015 (Compliance Management Guidelines) provide structured guidance. This article explains how energy retailers can apply these standards in practice, with a focus on governance, risk assessment, policies and procedures, monitoring, and continuous improvement. It offers practical insights…









