RG 104
AFSL general obligations
s 912A obligations: efficient, honest, fair conduct; risk management; resourcing.
In plain English
RG 104 explains the general obligations for Australian Financial Services Licence (AFSL) holders.
RG 104 applies to businesses holding an AFSL. It details obligations around conduct, risk management, and resources. Licensees must act efficiently, honestly, and fairly. They must also have a risk management system and adequate resources. This guide was last revised in December 2023.
Why it matters
AFSL holders must understand and meet these obligations. Failing to do so can impact their license and reputation. This guide helps ensure responsible financial services are provided to consumers.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-104-licensing-meeting-the-general-obligations/. Rules Mate indexes + summarises; always verify against the regulator's live publication.