Australia Corporations Act 2001 (Cth)
Chapter 7 Part 7.6: Breach reporting and client remediation – Australia Corporations Act 2001 (Cth)

Australia Corporations Act 2001 (Cth) s912DAA: s 912DAA Report reportable situations to ASIC within 30 days

Where there are reasonable grounds to believe a reportable situation has arisen for the licensee (a significant breach or likely breach of a core obligation, an investigation running more than 30 days and its outcome, gross negligence or serious fraud), the licensee lodges a report in the prescribed form with ASIC within 30 days after it first knows of, or is reckless as to, those reasonable grounds (offence and civil penalty). APRA-regulated licensees may satisfy this through a report to APRA containing the same information.

Maintained by Gerard Blokdyk

What else in your programme already covers this

This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.

  • CPS230-P33 APRA Notification of Operational Risk Incidents within 72 Hours

Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.

Other controls in Chapter 7 Part 7.6: Breach reporting and client remediation – Australia Corporations Act 2001 (Cth)

Query this from an agent

The graph holds this control, the 1 it maps to, and the evidence behind each claim, over MCP and REST.