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Ongoing Compliance Solutions

Sophie Grace provides important services to your business to ensure that the regulatory requirements for your Australian Credit Licence (ACL) services are met.  We assist:

  • loan/credit issuers (whether small or large),
  • loan arrangers (brokers), and
  • loan advisers

to meet their obligations.

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Ongoing Compliance Solutions

Compliance obligations for holding an Australian Credit Licence (ACL) must be regularly attended to, whether on a monthly, quarterly or yearly basis. With this in mind, Sophie Grace can provide your business with ongoing compliance solutions. This can involve, but is not limited to:

  • Regular review and update of policies and registers
  • Preparation of regular compliance reporting to Compliance Committee or Board
  • Creation of a compliance calendar to appropriately distribute the compliance workload and make it easier to meet obligations
  • Lodging the Annual Compliance Certificate to ASIC
  • Responding to compliance questions and issues
  • Review of client files

We have prepared a more detailed summary of ACL compliance requirements on our blog which you might like to read as well.

Sophie Grace can provide the following important services to your business to ensure that the regulatory requirements for credit services are met:

  • Compliance plans and management framework
  • Compliance reporting
  • Compliance Committee administration and membership
  • Compliance procedures and policy documents
  • Compliance training
  • Anti-Money Laundering / Counter-Terrorism Financing (AML/CTF), AUSTRAC
  • Corporate Governance
  • Independent and external compliance counsel
  • Risk management systems
  • Conflicts management systems
  • External compliance audits
  • Privacy Act
  • ASIC Class Orders
  • Code of Conduct and Code of Ethics implementation
  • Company Secretarial

If you would like to obtain further information or assistance, please contact Sophie Grace directly.