Keep on top of ASIC requirements

Thu, 19/01/2017

It is always sad when a member of our insurance community falls foul of ASIC and the latest case highlights their increasing willingness to take action. I thought I’d share 4 simple tips to help brokers keep on top of their financial statements and auditor reports:


  1. Double check you have your previous financial statements and auditor reports – and that they’ve been filed correctly
  2. Ensure your filing date is in your compliance calendar – with appropriately timed milestones in advance
  3. Speak to your auditors and make sure they are ready and able to meet the deadline – keep on top of their progress to ensure they do!
  4. Be proactive with ASIC if you think there may be a problem – it’ll make things much easier


As this latest case shows, you can’t afford to get this wrong, so check everything is in hand now.

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