Compliance, in plain English.

The Australian Accounting Standards Board’s sustainability and climate disclosure standards, aligned with ISSB IFRS S1 and S2, mandating climate-related financial disclosures for large Australian entities from 1 January 2025.

The external dispute resolution scheme for the Australian financial services industry, the body consumers can escalate to when internal complaint handling does not resolve their issue.

An AI-generated output that is fluent and plausible but factually wrong or unsupported by the source material.

The 2026 expansion of Australia’s AML/CTF regime that brings real estate professionals, lawyers, conveyancers, accountants, and dealers in precious metals into AUSTRAC’s remit for the first time.

The Australian Privacy Principle that requires APP entities to take reasonable steps to protect personal information from misuse, interference, loss, and unauthorised access, modification, or disclosure.

The prudential regulator of the Australian financial services industry, overseeing banks, insurers, and superannuation funds.

The Australian corporate, markets, financial services, and consumer credit regulator.

Australia’s financial intelligence agency and AML/CTF regulator, responsible for protecting Australia’s financial system from criminal abuse.

The ASIC-issued licence that authorises a person or entity to carry on a financial services business in Australia.

The statutory obligation on Australian financial advisers to act in the best interests of their client when providing personal advice, codified in the Corporations Act.

The APRA prudential standard that requires regulated financial entities to manage operational risk, maintain critical operations, and handle disruptions to material service providers.

The APRA prudential standard that obliges regulated entities to maintain information security capability commensurate with the threats to their information assets.

The principle that data remains subject to the laws and governance structures of the jurisdiction in which it resides — operationally, that the data does not leave the regulated perimeter.

A standardised set of questions used by institutional investors to evaluate fund managers across operations, compliance, risk, and governance before allocating capital.

AI systems deployed inside an organisation’s own infrastructure — its private cloud tenancy or physical data centre — rather than calling out to a vendor-hosted AI service.

A structured assessment by institutional investors of a fund manager’s operational risk — covering controls, service providers, key-person risk, and incident history.

A circumstance that an AFSL holder must report to ASIC within 30 days of becoming aware, covering significant breaches and certain other defined events.

An AI architecture that grounds language-model outputs in retrieved source documents, constraining responses to information actually present in the knowledge base.

The ASIC Regulatory Guide that sets the standards Australian financial firms must meet for handling consumer complaints, including the 30-day final-response deadline.

A written document Australian financial advisers must give to retail clients setting out the personal advice provided, the basis for it, and the disclosures required under the Corporations Act.