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In forceLicensee conduct obligationsLast checked 13 November 2026

Breach reporting (Reportable situations report)

A regulatory return listed by the Australian Securities and Investments Commission (ASIC), Australia.

AFS licensees and credit licensees must tell ASIC about a defined range of conduct the law calls 'reportable situations': significant breaches or likely significant breaches of their core obligations, investigations into a possible significant breach that run on too long, the outcome of such an investigation, conduct amounting to gross negligence or serious fraud, and certain conduct by a representative that is also reportable to the representative's own licensee. Source

Official title: Report of a reportable situation under s912DAA/s912DAB of the Corporations Act 2001 or s50B/s50C of the National Consumer Credit Protection Act 2009

The facts

Who files
Every AFS licensee and every credit licensee, whenever it has reasonable grounds to believe a reportable situation has arisen for it or, in some cases, for another licensee. Source
How often
Only when a reportable situation arises; there is no routine periodic filing. Source
Deadline
Within 30 days after the licensee first knows, or is reckless as to whether, there are reasonable grounds to believe a reportable situation has arisen (Corporations Act s912DAA(3); National Consumer Credit Protection Act s50B(4), which uses the same 30-day period for credit licensees). Source
Format
Web form. Lodged in ASIC's prescribed form through the ASIC Regulatory Portal; ASIC also offers a Reportable Situations Application Programming Interface for licensees that want to submit transactions directly from their own systems. Source
How it is filed
Filing routes recorded for the ASIC: ASIC Regulatory Portal; Australian Credit Register Portal. See how firms file with the ASIC.
Status
In forceRegulatory Guide 78, last updated 21 October 2026, now describes the investigation-continuation trigger (an investigation into a possible significant breach that itself becomes a reportable situation once it runs on too long) as running for 'more than 60 days'. The Corporations Act and National Consumer Credit Protection Act text available on the Federal Register of Legislation on the day of this build, compiled 19 September 2026 and 1 July 2026, still reads 'more than 30 days' for that same trigger. Both figures are recorded here rather than guessed between; the 30-day deadline for lodging a report once a reportable situation has arisen is unaffected and confirmed directly in both Acts. Source
Legal basis
Group
Licensee conduct obligations

Templates (0)

The library lists no templates for this return.

A single report; ASIC's prescribed form asks a series of questions about the nature, cause and impact of the reportable situation and what the licensee has done about it. Source

Validation rules

No published validation rules were found for this return. No standalone, published catalogue of edit checks was found; RG 78 instead gives detailed guidance and worked examples for each question in the prescribed form. Source

Public data

No published data from this return was found. A document lodged under a provision of Chapter 7 of the Corporations Act, which includes a reportable situation report under Part 7.6, is expressly carved out of the general public right to inspect documents lodged with ASIC. ASIC separately publishes aggregate breach-reporting statistics from time to time in its own reports, but no specific current report of that kind was verified this round. Source

Official documents (5)

The ASIC's own files, with the size and SHA-256 fingerprint of each as downloaded on 13 November 2026, so anyone can tell whether a copy is the same version.

Sources

Every page and document this return's facts were read from.

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© Australian Securities & Investments Commission. Material drawn from ASIC's regulatory guides, information sheets, forms, pro forma documents, legislative instruments and annual reports (https://asic.gov.au) is used under the Creative Commons Attribution 4.0 International licence (https://creativecommons.org/licenses/by/4.0/); this library summarises it in plain English and links the originals.

Based on content from the Federal Register of Legislation at 13 November 2026. For the latest information on Australian Government legislation please go to https://www.legislation.gov.au.

Last checked 13 November 2026.