RG 248
Litigation schemes and proof of debt schemes: Managing conflicts of interest
Issued 2 December 2024. This guide sets out our approach on how a person who provides a financial service can satisfy the obligation to maintain adequate practices and follow certain procedures for managing potential and actual conflicts of interest in relation to a litigation scheme or a proof of debt scheme.
In plain English
This guide explains how financial service providers must manage conflicts of interest in litigation and proof of debt schemes.
RG 248 applies to anyone providing a financial service related to litigation or proof of debt schemes. It details how to meet obligations for managing conflicts of interest. The guide outlines practices and procedures to follow. It was issued on 2 December 2024.
Why it matters
If your business deals with litigation or debt schemes, this guide helps you avoid conflicts of interest. Following it demonstrates good governance and protects consumers. Failing to do so could impact your reputation and business operations.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-248-litigation-schemes-and-proof-of-debt-schemes-managing-conflicts-of-interest/. Rules Mate indexes + summarises; always verify against the regulator's live publication.