Course overview

“Are you up to date with all the compliance changes and requirements that may impact your Australian Financial Services Licence (AFSL?)”

The ever-changing financial services landscape has meant AFSL holders are constantly under the microscope, so it has never been more essential to stay on top of what is happening in the industry and understand the impact of regulatory developments.

The Responsible Manager Forum is designed for existing, new and prospective Responsible Manager audiences, compliance officers, and other senior managers and directors operating within the Australian financial services environment. 

Each high-level forum provides participants with a legal, regulatory and advocacy update, and addresses other current topical issues.

A certificate of attendance outlining CPD hours will be awarded at the conclusion of this workshop.

This workshop is not recorded.

About the presenter

Dr. Jenny Diggle _CFP®
Dip FS (Financial Planning), Grad. Dip. Corp Fin, M.App Fin, PhD

Jenny is an experienced independent Certified Financial Planner who operates her own Australian Financial Services licence providing goals based advice to clients. She is the Responsible Manager for her AFSL. She provides compliance consulting for financial planning (via J Diggle and Associates); and education for financial planning. Jenny is an appointed panel member for the Australian Financial Complaints Authority and ASIC’s Financial Services and Credit Panel as an expert representative for financial planners. In 2019, Jenny was appointed as the Advisory Academic – Practitioner Expert (Financial Planning and Finance) for Kaplan Professional.

Topics

AGENDA:

1. INTRODUCTION

• • A recap of RM Responsibilities for all licensee types.
  • Who is responsible?

2. LEGAL AND REGULATORY UPDATE

• • Budget October 2022
  • Financial Accountability Regime Bill 2022 (Cth)
  • Financial Sector Reform Bill 2022
  • Financial Services Compensation Scheme of Last Resort Levy Bill 2022
  • Downsizer regulations
  • Review of Your Future, Your Super
  • Faith-based superannuation legislation
  • Litigation – CFDs, cryptocurrencies

3. REGULATOR ACTIVITY

• ATO
  • Research into SMSF Trustees
  • Annual report 20/21– collectable debt focus
• ASIC

Update on some things ASIC

• • Professional Standards Exam – Reminder
  • Mayfair 101 update
  • Youpla Gorup
  • Insights from Reportable Situations Regime
  • ASIC Cost Recovery Implementation Statement (CRIS)Warnings and Reprimands
  • INFO 170
  • Director ID
• AUSTRAC
  • Current AML Audits
  • Trade based Money laundering – links to financial services
  • When to submit an SMR
• APRA
  • Insignia Financial Ltd trustees
  • Insurance Themes identified by APRA
  • Insurance Risk Management Review – Findings
  • Quarterly Superannuation Industry Publication
• AFCA
  • Paid advocates
  • Claim on hold sue to insolvency
  • Complaints data summary 2021 2022
• Office of the Australian Information Commissioner (OAIC)
  • Consumer Data right
  • Credit Reporting Code review

4. FORWARD FOCUS

• • ASIC’s priorities for 2022–26
  • The Treasury Quality of Advice Review

Fees

$300 (Inc. GST) per participant

Date and Duration

This webinar will be delivered via Zoom and will not be recorded. Future dates to follow.

Policies

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.

Terms and Conditions

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