Enforceable Undertakings, ASIC & ACCC Liaison

ACCC/ASIC Undertakings

Have you entered into an Enforceable Undertaking with the Australian Competition and Consumer Commission (ACCC) or Australian Securities and Investments Commission (ASIC)?

An ACCC/ASIC-like audit involves an on-site review of your processes and procedures for compliance with the applicable laws and policies, as well as a detailed assessment of the adequacy of your practices and activities.

Our lawyers have been appointed in the past as auditors for the purpose of assessing whether companies and individuals have complied with undertakings entered into with the ACCC or ASIC.

What is an Enforceable Undertaking?

An enforceable undertaking is an administrative settlement that the ACCC or ASIC may accept as an alternative to court action or certain administrative actions.  It is an undertaking that you will/not undertake certain tasks.  An enforceable undertaking is enforceable in a court.

An enforceable undertaking can be initiated by a company, an individual or a responsible entity as a result of discussions between that party and the ACCC or ASIC.

We can help you decide whether an enforceable undertaking is an appropriate course of action for you or your company.

Contact us now to discuss your unique situation.

Dealing with the Regulator