Regulatory Guide 78 – Breach Reporting by AFS Licensees and Credit Licensees

Equip participants with the knowledge to comply with breach reporting guidelines and regulations.

Course Details

Regulation/Law

Australia: Corporations Act 2001 and more

Ideal for

All employees, contractors, and volunteers

Region

Australia

Course Format

Structured Learning option

Duration

Between 30 - 40 minutes

AFS licensees and Australian credit licensees have an obligation to report certain breaches of the law under the Corporations Act 2001 and the National Consumer Credit Protection Act 2009.

The Australian Securities & Investments Commission (ASIC) issued Regulatory Guide 78 (RG 78): Breach Reporting by AFS licensees and credit licensees, which mandates that licensees must self-report specific breaches to ASIC. Failing to comply with these reporting obligations can lead to severe consequences, including penalties, fines, other sanctions, suspension or revocation of the AFS license, and a significant loss of trust from regulators, customers, and third parties.

Course Overview

About this online course

Our RG78 Breach Reporting training course provides participants with a comprehensive overview of their breach reporting responsibilities. It clarifies who these obligations apply to and what constitutes a reportable event, including significant breaches. The course also offers detailed guidance on the reporting process. Through interactive scenarios and practical insights, participants gain the essential knowledge and tools to ensure full compliance with breach reporting requirements, fostering a culture of accountability and transparency within the organisation.

Ideal for workplaces that are

If you’re a manager looking to train a group within your organisation, external suppliers or all staff, please fill in our enquiry form and let us know the size of your organisation. Our compliance experts will assist you.

Key takeaways for participants

  • Comprehensive coverage of regulatory guide 78
  • Engaging and interactive animated modules for an optimal user experience
  • Multiple course formats to suit diverse learning needs
  • Up-to-date content to save you time and resources
  • Rigorous end-of-module testing to ensure thorough understanding of the law

Legislation covered

Australia: Corporations Act 2001, National Consumer Credit Protection Act 2009, Regulatory Guide 78

Key modules

  • What is the breach reporting obligation
  • Who does the obligation apply to
  • Multiple reportable situations
  • Significant breaches or likely breaches of core obligations
  • Investigations into significant breaches or likely breaches of core obligations
  • Reportable situations about other licensees
  • When and how to report
  • ASIC’s role
  • Consequences of failing to report
  • Breach reporting systems and registers

Learning outcomes

By the end of this course, participants will be able to:

  • understand what you must report to ASIC;
  • understand how and when to report a breach; and
  • understand how ASIC deals with breach notifications.

Duration and Format

Structured Learning

Ideal for first-time learners or those with little prior knowledge, covering the entire topic in 30-40 minutes. 

Accelerated Learning

Allows learners who understand the topic to proceed quickly through the course in 20-30 minutes.

MicroLearns

Short modules for time-poor learners, with each module lasting 5-10 minutes.

ShortBurst

Quick summaries of specific compliance areas, available in office-based and field-based formats, each lasting 5 minutes.

Delivery and Setup

SCORM

Our client services team can deliver our courses via SCORM file if you have a Learning Management System (LMS).

Compliance Platform

Alternatively, you can use our Compliance Platform to house any training material, track policy acceptance, administer surveys, and audits—all in one place. We can get you up and running within a few weeks. 

Related courses

Increase your compliance by bundling our related courses. This ensures you cover multiple topics and legislations for a holistic approach.

On the Safetrac

Why Choose Safetrac’s Compliance Courses 

Versatile Course Formats

Options include comprehensive compliance courses and short, bite-sized modules to meet diverse training needs. 

Engaging and Customisable Content

Our courses feature a variety of engaging and animated content, from videos to interactive modules, all of which can be customised based on your branding or designed with specific scenarios tailored to your business. 

Legally Up-to-Date

All content is regularly updated to reflect the latest legislation, ensuring your training remains compliant. 

Flexible Delivery Options

Available via SCORM or our Compliance Platform, with regular updates provided whenever legal changes occur. 

Exceptional Customer Service

Our local Client Services team ensures a smooth setup within a few weeks and offers ongoing support for all your learning and training needs.

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Renowned companies like Uber, Chubb, and David Jones rely on our compliance training solutions.

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