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Compliance Support for Responsible Managers

We know the ins and outs of ASIC RG 105 and ASIC RG 206, which looks at the organisational competency and skills of Australian Financial Services licensees and Australian Credit licensees, particularly focusing on the importance of a licensee’s Responsible Manager.

Read our comprehensive white paper on Responsible Managers – what are they, what do they do, and are they personally liable?

Our Experience and Expertise with Responsible Managers

Our Licensing Team is headed by ex-ASIC manager, Frank Varga, who has over 30 years’ experience in analytical and senior management roles at ASIC, including overseeing the Licensing for the final 15 years of his time there.

We work with Responsible Managers in the financial services and credit industries on a daily basis, and have a good understanding of what it means to be a Responsible Manager.

We’ve also helped many Licensees vary their licence to add Responsible Managers, or by varying it to remove the Key Person Condition.

Compliance Support for Responsible Managers

We support Responsible Managers of AFSLs and ACLs through our online compliance portal, the HN Hub:

  • Responsible Manager training
  • Quarterly and biannual Industry Compliance Forums for different industry groups (Advice Licensees, Accountants, Payments Businesses/Money Remitters, CFD Providers, Consumer Credit Licensees)
  • Regulatory updates and alerts
  • Licensee compliance documents and policy templates, such as the Compliance Manual

Legal Services for Responsible Managers

On top of our compliance support offerings through our HN Hub, we also provide legal services for Responsible Managers and Licensees through our law firm, Holley Nethercote Lawyers (liability limited by a scheme approved under Professional Standards Legislation).

Some of these legal services include:

Responsible Manager Education Pathway

Our Responsible Manager education pathway supports AFSL Responsible Managers in their compliance role.  We provide different Options to suit your needs.

Responsible Manager Compliance Options

Option 1

Responsible Manager (RG 105) Introduction Training
$720 + GST
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Responsible Manager (RG 105) Training

We offer public seminar workshops to all AFSL and ACL Responsible Managers

Option 2

Responsible Manager (RG 105) Training
+ Applied RM Course *Industry Specific
$1,250 + GST
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Responsible Manager (RG 105) Training

We offer public seminar workshops to all AFSL and ACL Responsible Managers

 

Applied RM Course *Industry Specific

We provide tailored industry specific training to Responsible Managers, Compliance Officers and Directors

Option 3

Responsible Manager (RG 105) Training
+ Applied RM Course *Industry Specific
+ Ongoing Compliance Support
$3,000 + GST
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Responsible Manager (RG 105) Training

We offer public seminar workshops to all AFSL and ACL Responsible Managers

 

Applied RM Course – Industry Specific

We provide tailored industry specific training to Responsible Managers, Compliance Officers and Directors

 

Ongoing Compliance Support – HN Hub Base Subscription

After attending our Responsible Manager training and Industry Specific training, you want to be able to have peace of mind that you will be able to utilise what you have learnt but to also know that you will be kept up-to-date with regulatory news.  Our HN Hub platform helps you stay on top of your regulatory training requirements, alerts you to any changes in your industry, is an open-platform for you to rewatch on-demand webinars and recordings of our industry forums whenever you want, and it’s all accessible on the one platform.

How to select a Responsible Manager

Watch our Expert Interview with Senior Associate, Samantha Hills, where we explore the role of Responsible Managers and how to pick the right one for your business.  Join the HN Hub for free to watch the full interview.

Resources for Responsible Managers

Responsible Manager Training
Responsible Manager Training
AFSL - Responsible Manager Workshop (Advanced)

Our half day Advanced Responsible Managers Workshop focuses on identifying required competencies of Responsible Managers and strategies for developing them.  It also explores conflicts of interests, risk management frameworks, the…

Blog update
Blog update
Liability of a Responsible Manager – Who’s responsible when things go wrong?

  The responsible manager (RM) of a licensee plays a key role under the financial services and credit licensing regimes. However, many RMs are concerned as to their responsibilities and…

Webinar
Webinar
WEBINAR: Employment issues in our new COVID world

If you're like most offices, your new normal is a combination of work in the office and at home.   In this webinar, our commercial law expert, Tim Dixon, will…