Services

QED Risk Services:

Compliance and Risk Advisory Services

Financial Services or Credit Licensees will already know that there is a requirement to have someone dedicated to your business’ compliance needs.

Can’t justify a full-time Compliance Officer to handle your regulatory obligations?

QED Risk Services can provide the advice you need and be involved enough in your business that we can legally be relied upon to be your outsourced compliance department.

We get involved in your business and understand what your needs are, so we are well qualified to act as your compliance or risk management team.

Compliance Planning

The purpose of a Compliance Plan is to state your intent as to how you control and govern your business and how you intend to manage your current obligations:

Legal – can include Trade Practices Act, Corporations Act, WH&S, taxation
Contractual (to business partners, service providers etc)
Internal (policies to follow, shareholders with expectations, staff)

It also details how you deal with change in your obligations i.e. new activities that you take on and future obligations, to interested parties e.g. regulators, potential business partners, staff.

QED Risk Services can provide your organisation with a Compliance Plan that meets the requirements of AS/NZS3806 and is a valuable point of reference for Directors and staff alike.

News
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- The ASIC style of regulation
  19 January, 2012
  QED Risk Services has taken a number of distress calls recently from Credit Licensees that have felt the sudden and full brunt of ASIC’s regulatory police power. As shocked as we are at the force of ASIC’s new approach, we nevertheless can only reiterate the same message we have been emanating for the past 12 months that all Licensee businesses need a total compliance solution to cover their ACL obligations.
- Disclosure Docs Made Easy
  6 September, 2011
  Despite credit industry stakeholders having recently released their “guidance” on NCCP disclosure documents, Many QED Risk Services clients have contacted us, saying they are now more confused than ever. QED Risk Services has now released its own guide, only 3 pages long, that breaks it all down and makes it simple.
- Good files alone won’t cut it
  22 June, 2011
  QED Risk Services says the credit industry is concentrating too much on loan files and not enough on the general conduct obligations of Credit Licensees. QED has now launched an online compliance service, QED CompliFast, which will aid ACL holders in meeting their compliance obligations.
- Property investment advice
  8 May, 2011
  QED Risk Services Director Greg Ashe openly rebukes recent industry comments suggesting that brokers working in the investment property advice area are running foul of financial advice regulations.
- Credit Policies for ACL holders
  8 May, 2011
  Recent industry commentary has suggested that brokers need to have detailed “credit policies” or even adopt one from a Bank that you like. QED Risk Services Director Greg Ashe disagrees and encourages credit licensees to take more deliberate, but simpler actions.
- QED Credit Services launched
  30 December, 2010
  Through its extensive work with mortgage brokers in 2010, QED Risk Services has identified a demand for brokers wanting to become Credit Representatives, but not with their aggregator. QED Credit Services has gained its Australian Credit Licence to adopt brokers in this position.
- John Hill RIP
  26 November, 2010
  QED Risk Services is saddened to hear of the untimely passing of one of its most colorful clients – John R Hill in Albury
- The credit world does not end on 31 December
  26 November, 2010
  You do not have to make your total decision by 31 December. If you want to be a Licensee in 2011 but haven’t yet taken action, become a Credit Rep and then get your Licence in 2011.
  
  Alternatively, if you want to be a Credit Rep but not of your Aggregator, QED Risk Services is set to gain its own ACL to house such brokers as Credit Reps.
- Nature, size and complexity
  26 November, 2010
  Taking the middle road can lead to criticism of trying to be to much for too few. However, QED Risk Services’ experiences of dealing with the real people in the finance broking industry in 2010 has lead us to believe that we have been on the right track all along – educate on the new things, but keep it real!
- What is not unsuitable?
  6 July, 2010
  6 months ago, many credit industry pundits had scoffed at the “not unsuitable” phraseology adopted by the law-makers with respect to credit. But now we are finding it to be a useful tool in navigating the “responsible lending” minefield. Find out how QED can assist your business with credit licensing and dealing with ASIC requirements.