RG 78
Breach reporting by AFS licensees and credit licensees
30-day reportable situations regime under s 912DAA Corporations Act + s 50A NCCP.
In plain English
This guide explains how AFS and credit licensees must report serious breaches to ASIC.
RG 78 applies to Australian Financial Services (AFS) licensees and credit licensees. It details the requirements for reporting reportable situations. This includes breaches of a license’s obligations. It’s based on s 912DAA of the Corporations Act and s 50A of the National Consumer Credit Protection Act. The guide was last updated in December 2023.
Why it matters
Licensees must have a system to identify and report breaches. Failing to do so can impact their license. This guide helps ensure compliance and protects 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-78-breach-reporting-by-afs-licensees-and-credit-licensees/. Rules Mate indexes + summarises; always verify against the regulator's live publication.