🇦🇺Australia

ASIC Brochure Non-Delivery Fines

1 verified sources

Definition

Failure to prepare and deliver client disclosure brochures (similar to US Form ADV Part 2) as required under Australian financial services licensing obligations results in ASIC enforcement actions with quantified penalties.

Key Findings

  • Financial Impact: AUD 11,100 - 2,210,000 per breach (infringement notices); up to AUD 1.11M civil penalties for corporations
  • Frequency: Per client non-delivery or annual update failure
  • Root Cause: Manual brochure preparation errors, missed delivery deadlines, lack of automated tracking

Why This Matters

The Pitch: Investment advice firms in Australia 🇦🇺 waste AUD 10,000+ annually on brochure compliance penalties. Automation of brochure preparation and delivery eliminates this risk.

Affected Stakeholders

Compliance Officer, Financial Adviser, Managing Director

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Manual Brochure Preparation Labour Costs

AUD 4,000 - 8,000 per brochure (40 hours at AUD 100-200/hr compliance lawyer rate)

Client Acquisition Delays from Brochure Friction

2-5% revenue loss from delayed client onboarding (industry standard for compliance friction)

ASIC Advertising Compliance Fines

AUD 50,000+ civil penalties per breach; 20-40 hours/month legal review; licence condition costs AUD 10,000-20,000 annually

Meta Financial Services Ad Verification Penalties

AUD 10,000-50,000/month lost ad spend; 10-20 hours setup/verification per campaign

Poor Ad Decisions from Compliance Gaps

AUD 20,000-100,000 wasted creative/production per pulled campaign; AUD 5,000-15,000 legal monitoring annually

AUSTRAC AML/CTF Non-Compliance Fines

AUD 4.5M to AUD 22.2M civil penalty per breach for large entities; AUD 1.1M to AUD 4.5M for small entities

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