{"id":787,"date":"2015-08-26T08:50:32","date_gmt":"2015-08-25T23:20:32","guid":{"rendered":"https:\/\/fwgs.net.au\/?p=787"},"modified":"2015-08-26T08:50:32","modified_gmt":"2015-08-25T23:20:32","slug":"asic-requirements-appointing-authorised-representatives-part-2","status":"publish","type":"post","link":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/","title":{"rendered":"ASIC Requirements – Appointing Authorised Representatives (Part 2)"},"content":{"rendered":"

Measures for Monitoring and Supervision<\/strong><\/h3>\n

ASIC expect a licensee to exercise diligence in monitoring and supervising authorised representatives.<\/p>\n

RG 104.72 States how this is to be performed.<\/p>\n

    \n
  1. Keep track of who your representatives are, what role they perform and whether they are appropriately authorised.<\/li>\n
  2. Ensure representatives act within the scope of what you have authorised them to do<\/li>\n
  3. Ensure your representatives understand your compliance arrangements<\/li>\n
  4. Monitor your representatives\u2019 compliance; and<\/li>\n
  5. Respond to compliance failures<\/li>\n<\/ol>\n

    Fwgs takes compliance very seriously as clients are increasingly litigating against their advisers. Although the scope of advice for accountants is narrow fwgs endeavors to ensure that every element of the ASIC requirements\u00a0are followed.<\/p>\n

    To that end we have built a simple, clear, market leading web based portal that automates many of the compliance responsibilities. This system also enables real time auditing on every file 24\/7. Not only are we protecting your firm with a system that is light years ahead of any alternatives. Face to face audits will continue but our feedback will be appreciated by accountants entering into very new territory.<\/p>\n

    Should you wish to obtain further information about our solution for accountants once the accountant exemption expires or you wish to become an authorised representative please email info@wordpress-784484-2675404.cloudwaysapps.com.<\/a><\/p>\n

    The next article in this series looks at ASIC’s requirements for “Training and Compliance”<\/strong><\/em><\/p>\n

    If you\u00a0found this article interesting, why not<\/strong><\/h5>\n
      \n
    • SEND it to a friend from the sidebar<\/li>\n
    • LEAVE A COMMENT by clicking on the icon at the top of the article<\/li>\n
    • Send\u00a0FEEDBACK directly\u00a0to\u00a0us at info@wordpress-784484-2675404.cloudwaysapps.com<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

      Measures for Monitoring and Supervision ASIC expect a licensee to exercise diligence in monitoring and supervising authorised representatives. RG 104.72 States how this is to be performed. Keep track of who your representatives are, what role they perform and whether they are appropriately authorised. Ensure representatives act within the scope of what you have authorised […]<\/p>\n","protected":false},"author":1,"featured_media":788,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,17],"tags":[18],"yoast_head":"\nASIC Requirements when Appointing Authorised Reps<\/title>\n<meta name=\"description\" content=\"finance wise. A series of articles discussing the ASIC requirements for Licensees appointing authorised representatives.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASIC Requirements when Appointing Authorised Reps\" \/>\n<meta property=\"og:description\" content=\"finance wise. A series of articles discussing the ASIC requirements for Licensees appointing authorised representatives.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/\" \/>\n<meta property=\"og:site_name\" content=\"finance wise\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-25T23:20:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"225\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"James Barger-bos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Barger-bos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/\",\"url\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/\",\"name\":\"ASIC Requirements when Appointing Authorised Reps\",\"isPartOf\":{\"@id\":\"https:\/\/fwgs.net.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg\",\"datePublished\":\"2015-08-25T23:20:32+00:00\",\"dateModified\":\"2015-08-25T23:20:32+00:00\",\"author\":{\"@id\":\"https:\/\/fwgs.net.au\/#\/schema\/person\/b6aa0ae2e15349b4e8e2ee8d60d97643\"},\"description\":\"finance wise. A series of articles discussing the ASIC requirements for Licensees appointing authorised representatives.\",\"breadcrumb\":{\"@id\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#primaryimage\",\"url\":\"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg\",\"contentUrl\":\"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg\",\"width\":225,\"height\":225},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fwgs.net.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASIC Requirements – Appointing Authorised Representatives (Part 2)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fwgs.net.au\/#website\",\"url\":\"https:\/\/fwgs.net.au\/\",\"name\":\"finance wise\",\"description\":\"Simple. Clear. Cost-Effective.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fwgs.net.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fwgs.net.au\/#\/schema\/person\/b6aa0ae2e15349b4e8e2ee8d60d97643\",\"name\":\"James Barger-bos\",\"url\":\"https:\/\/fwgs.net.au\/author\/siteadmin-2-2\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ASIC Requirements when Appointing Authorised Reps","description":"finance wise. A series of articles discussing the ASIC requirements for Licensees appointing authorised representatives.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/","og_locale":"en_US","og_type":"article","og_title":"ASIC Requirements when Appointing Authorised Reps","og_description":"finance wise. A series of articles discussing the ASIC requirements for Licensees appointing authorised representatives.","og_url":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/","og_site_name":"finance wise","article_published_time":"2015-08-25T23:20:32+00:00","og_image":[{"width":225,"height":225,"url":"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg","type":"image\/jpeg"}],"author":"James Barger-bos","twitter_card":"summary_large_image","twitter_misc":{"Written by":"James Barger-bos","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/","url":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/","name":"ASIC Requirements when Appointing Authorised Reps","isPartOf":{"@id":"https:\/\/fwgs.net.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#primaryimage"},"image":{"@id":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#primaryimage"},"thumbnailUrl":"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg","datePublished":"2015-08-25T23:20:32+00:00","dateModified":"2015-08-25T23:20:32+00:00","author":{"@id":"https:\/\/fwgs.net.au\/#\/schema\/person\/b6aa0ae2e15349b4e8e2ee8d60d97643"},"description":"finance wise. A series of articles discussing the ASIC requirements for Licensees appointing authorised representatives.","breadcrumb":{"@id":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#primaryimage","url":"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg","contentUrl":"https:\/\/fwgs.net.au\/wp-content\/uploads\/2015\/08\/problemsolution.jpg","width":225,"height":225},{"@type":"BreadcrumbList","@id":"https:\/\/fwgs.net.au\/asic-requirements-appointing-authorised-representatives-part-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fwgs.net.au\/"},{"@type":"ListItem","position":2,"name":"ASIC Requirements – Appointing Authorised Representatives (Part 2)"}]},{"@type":"WebSite","@id":"https:\/\/fwgs.net.au\/#website","url":"https:\/\/fwgs.net.au\/","name":"finance wise","description":"Simple. Clear. Cost-Effective.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fwgs.net.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/fwgs.net.au\/#\/schema\/person\/b6aa0ae2e15349b4e8e2ee8d60d97643","name":"James Barger-bos","url":"https:\/\/fwgs.net.au\/author\/siteadmin-2-2\/"}]}},"_links":{"self":[{"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/posts\/787"}],"collection":[{"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/comments?post=787"}],"version-history":[{"count":3,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/posts\/787\/revisions"}],"predecessor-version":[{"id":794,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/posts\/787\/revisions\/794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/media\/788"}],"wp:attachment":[{"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/media?parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/categories?post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fwgs.net.au\/wp-json\/wp\/v2\/tags?post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}