Privacy act reforms: How to Elevate Trust and Protect Your Business
The Privacy and Other Legislation Amendment Act 2024 (the Amendment Act) was passed on 29 November 2024 and received Royal Assent on 10 December 2024,
AML/CTF Tranche 2 legislation passed and now law!
The Anti-Money Laundering and Counter-Terrorism Financing Amendment (AML/CTF) Bill 2024 was passed in Parliament on 29 November 2024. The reforms to the existing AML/CTF act were driven by the need to:
Risk management in the not-for-profit sector – enabling NFPs to deliver on their mission
Not-for-profit enterprises (NFPs) are often galvanised around delivering on a clear and compelling mission. The biggest obstacle to delivering that mission is often money, leading to non-critical functions being run as leanly as possible.
Regulatory Update August 2024
The new financial year has seen a range of updates to financial services regulation and administration.
CPS230 Check in: How does your progress stack up?
With the release of Apra’s Practice Guide CPG230 – Operational Risk Management, the CPS230 regulatory framework has now been finalised making it an opportune time to take stock on where you are up to in your CPS230 journey.
PFS Consulting appoints Madeleine Mattera in a new role as Head of Risk Advisory
PFS Consulting is pleased to announce that it has appointed Madeleine Mattera in a newly created role as Head of Risk Advisory.
Financial Accountability Regime (FAR) has commenced
March was a busy month with the release of regulator rules, transitional rules and the release of a consultation package for RSE licensees and insurers.
Operational Resilience – A bigger game and a broader perspective
In July 2023 APRA published its new Operational Risk Management Prudential Standard, CPS230, which comes into force on 1 July 2025. To date, there is no accompanying explanatory CPG230.
