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Compliance Forums

October 22 @ 8:00 am - October 30 @ 5:00 pm AEDT

Registrations are now open for our Compliance Forums, which will be held in Brisbane, Sydney, Adelaide and Melbourne in October.

Compliance Forums provide participants with an opportunity to listen to expert presentations, discuss topical regulatory issues relevant to the mutual banking sector and similar areas of financial services, and catch up with colleagues.


Brisbane22 OctoberKarstens, Level 24/215 Adelaide Street, Brisbane
Sydney23 OctoberKarstens, Level 1, 111 Harrington Street, Sydney
Adelaide29 OctoberAICD, Level 23, 91 King William Street, Adelaide
Melbourne30 OctoberKarstens, 123 Queen Street, Melbourne

: $350* Per attendee.
*Discounts apply for Compliance Package Subscribers.

The Forums will run between 9:30 am and 3:35 pm, with lunch included.


GRC Solutions presentation – Regulatory developments [9:30 am – 11:15 am ]


  • Credit regulatory developments
  • ASIC scrutiny of CCI
  • ASIC review of IDR and reporting requirements
  • Regulation of industry codes
  • Customer Owned Banking Code of Practice review
  • Open Banking update

Speaker: Michael Funston, Senior Lawyer & Manager, GRC Solutions


Morning tea [11:15am – 11:30am]

Ash St. presentation – A practical examination of topical regulatory challenges [11:30 am – 1:00 pm] 


  • Challenge 1: Product Design and Distribution Obligation (please see further details below)
  • Challenge 2: Regulator Engagement and Response (please see further details below)

Speaker: Samantha Carroll, Director Governance Compliance and Regulation


Lunch and chat-time [1:00pm – 2:00pm]

Hall Advisory Services presentation – APRA developments [2:00pm – 3:30pm]


  • Revisions to the ADI capital framework
  • BEAR developments, including end-to-end product responsibility
  • Developments in governance, remuneration and non-financial risk
  • Comments on the APRA Capability Review
  • Residential mortgage lending — update on APRA guidance

Speaker: Nerida Irving-Dusting, Director


Wrap-up – day concludes [3:30pm – 3:35pm]


A practical examination of topical regulatory challenge

Samantha Carroll, Director Governance Compliance and Regulation

Challenge 1: Product Design and Distribution Obligation

Implementation of the provisions under Product Design and Distribution Obligations (Schedule 2 of the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019) is still a while away with a 5 April 2021 commencement date for these requirements. However, upon close examination, there is more than meets the eye to the practical implementation of these obligations. Careful planning will be needed to: determine which financial products are caught by the regime;  perform a Target Market Determination for each relevant financial product; and  implement controls and measures to perform ongoing reviews of financial products, monitor distribution and report on review triggers.

Samantha will unpack the obligations and what this will mean practically for ADIs. Her insights will be designed to assist with planning for this change as product issuers and distributors navigate the new world of designing and distributing products according to an identified target market.

Challenge 2: Regulator Engagement and Response

In the last 6 months, key regulators such as ASIC and APRA have published enhanced regulator enforcement strategies. ASIC has traditionally been regarded as having an ‘enforcement led’ approach which means they are primarily focused on enforcement of the law. ASIC’s recently announced “why not litigate” approach means there is heightened risk of enforcement activity. APRA currently has a ‘consultative’ approach and while it is charged with the responsibility of enforcing some laws, it is also a prudential regulator supervising the financial stability of its regulated entities and ‘non-legislative’ obligations such as risk and culture. However, a recent review performed on APRA has prompted APRA to release a new Enforcement Approach including the adoption of a recommendation from the review to take a “constructively tough” approach to enforcement, to “hold institutions and individuals to account” and establishing a dedicated enforcement, investigation and legal expert team. The findings from APRA Capability Review are calling for an even tougher stance to be taken by APRA and increased regulatory requirements such as a proposed biennial self-assessment requirement of GCA risks (Recommendation 4.1 c.) and CBA-Style Prudential Inquiries, to be embedded in APRA’s supervision.

A robust regulator engagement and remediation approach will be critical to success in managing a regulated entity’s response to the increasingly complex regulatory environment. While examining the new landscape, Samantha will highlight key considerations in the design, development and implementation of regulator engagement and remediation strategy, so that ADIs are well placed to effectively manage regulatory matters.



Michael Funston
Michael is a Senior Lawyer and Manager with GRC Solutions. Prior to commencing his current employment with GRC Solutions in July 2017, he was manager of the Legal & Compliance business unit of the Customer Owned Banking Association for ten years. Michael will provide his usual round-up of key regulatory developments impacting the mutual sector.


Samantha Carroll
Following her very successful presentations on the Financial Services Royal Commission at GRC Solutions’ March 2019 Compliance Forums, Samantha Carroll, Practice Director Governance Compliance and Regulation at Ash St. Legal & Advisory, has kindly agreed to again present at our October Forums. Sam will offer a practical examination of two topical regulatory challenges— implementing the new Design and Distribution Obligations and effective regulator engagement in an evolving and increasingly challenging regulatory environment. Sam is a governance, compliance and regulation expert with ten years’ experience in the Governance and Compliance division of a top-tier law firm, and three years as the Head of Compliance for a mid-tier bank, prior to joining Ash St last year.  There’s more about Samantha and her colleagues on the Ash St site.

Nerida Irving-Dusting 
We are also delighted to announce that Nerida Irving-Dusting, who provided us with expert insights on the APRA regulatory agenda at last October’s Compliance Forums, will present again this year. Nerida will discuss some highly relevant APRA-related topics, including APRA’s revisions to the capital framework for ADIs, and its increased focus on non-financial risks. Nerida has over ten years of experience in the financial services industry and a wealth of expertise in regulatory compliance and enterprise risk management. She has been a supervisor at APRA, where her work included supervising mutual ADIs. As an adviser, Nerida specialises in capital management, business continuity and disaster recovery, and credit risk management. For more about Nerida and the team, go on the Hall Advisory site.



For information about costs and to register, please email bill.tarrant@grcsolutions.com.au


October 22 @ 8:00 am
October 30 @ 5:00 pm