Risk Management

Every business needs to have in place a proper system to monitor and adopt the legislation and regulations that the Commonwealth and States impose on them. This not only is a matter of avoiding the potential penalties, fines and loss of licence that can be the result of not following the rules, but generally makes good business sense as well by managing risk and incorporating the system as part of the strategic outlook. Many firms suffer financially due to bad publicity given to them when they are seen to be in breach of consumer protection provisions. Customers of businesses like to know that the business they are dealing with are doing all they have to in the name of consumer protection.

'be on top of legislation - not swamped by it'

The legislation that may affect your business operating and its required licences can include the Trade Practices Act, the Corporations Act, the Privacy Act, various State Fair Trading Acts, Australian Securities and Investments Commission Act, Insurance Act, environmental protection legislation and many more. Also, there may be times when you will have to deal with the Australian Securities and Investments Commission, the Australian Competition and Consumer Commission, the Australian Prudential Regulation Authority or a State government Agency. Aitken Wilson Lawyers can help.

'experienced advisers'

We have extensive experience in implementing compliance programs in various entities and groups of entities including trade practices training programs, privacy regimes, insurance code of practice programs and obtaining Australian Financial Services Licences for life and general insurance companies and assisting programs for insurance broking companies. We also have considerable skill dealing with government regulators like ASIC and APRA.

Should your business need a licence, whether you want to ensure that your current systems are meeting the ever changing legislation through a compliance “health check-up”, implement a compliance program or whether there is attention given to you by a government regulator, we have the skill to help.