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Friday 21 January 2022




Australian Prudential Regulation Authority
This week the Australian Prudential Regulation Authority (APRA) published an update to the Reporting Standard ARS 115.0 which should simplify reporting requirements for the authorised deposit-taking institutions(ADI) by making the reporting annual.


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Australian Securities and Investments C...

By Kwame Slusher


 
Last September  the Australian Securities and Investments Commission (ASIC) Commissioner Karen Chester
said that the update to the breach reporting guidance was to improve quality and timeliness of breach reporting. 

“ASIC analysis in 2018 revealed it took more than 4 years (on average) for large financial institutions to identify incidents t...

By Kwame Slusher

Friday 21 January 2022



The Australian Competition and Consumer Commission (ACCC) are appealing for  Employsure  to have a $5 million penalty instead of the initial $1 million penalty for  misleading representations through Google ads.

ACCC Deputy Chair Mick Keogh said in an official statement, “We believe a higher penalty is necessary and appropriate having regard t...

By Kwame Slusher





While we anxiously awaiting the release of Nathan Lynch’s new book, The Lucky Laundry, we have been listening to the Dark Money Files which, in two parts, takes a deep dive into the recent breaches involving NatWest and the ‘Bradford Laundromat.’  



The Dark Money Files
NatWest  and the Bradford Laundromat -part1 & part 2 

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By Kwame Slusher

Wednesday 19 January 2022

New GRC Institute Board Member Professor Elizabeth Sheedy talks about her professional journey and the importance of behavioural science.

Notes

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By Kwame Slusher


 
The Australian Securities and Investments Commission (ASIC) is calling on Australian Listed companies to follow the Taskforce on Climate-Related Financial Disclosures (TFCD) recommendations.

This comes more than a month after the announcement the at the Conference of Parties (COP) the that the International Sustainability  Standards Board (IS...

By Kwame Slusher


 
This week the GRC Institute hosted an event run by Deloitte looking at  37031 Compliance Management System through the lens of culture.

The new international standard in compliance management was published in the first quarter of 2021.

A panel consisting of the GRC Institute Chair & Partner Deloitte for the Asia Pacific Heather Loewenthal,...

By Kwame Slusher

Friday 17 December 2021


 



Former Director James Cruikshank has been banned managing the companies  and for four years and the given a $40,000 penalty for breach  of continuous disclosure laws  and failing to discharge his duties as a director.




 Former  financial adviser Melinda Scott was convicted of managing a corporation whilst having been disqualified for...

By Kwame Slusher

Tuesday 14 December 2021

GRC Professional Podcast · A Year In Review


GRC Institute CEO Naomi Burley looks back on 2021.

 

ISO 37031 Compliance Management System
ISO 37031  Compliance Management Systems
:  https://www.iso.org/standard/75080.html

Certifications for the ISO 37031 Compliance Management:  https://www.jas-anz.org/
 
Three Lines of Account...

By Kwame Slusher


 
Matthew Rixon was sentenced by the Paramatta Local Court for five months in prison for making false and misleading statements to the Australian Securities and Investments Commission (ASIC) between March and October of 2015.

ASIC Deputy Chair Sarah Court said in an official statement this the week, “Mr Rixon repeatedly and deliberately misled ...

By Kwame Slusher