Outsourced CRO White Paper (Free) – FAR & CPS 230 Compliance

Use this white paper if you:

• Are deciding whether to engage an outsourced Chief Risk Officer or retain a full‑time internal CRO.
• Need to understand how FAR, CPS 230 & Corporations Act duties apply when risk leadership is outsourced.
• Want to structure an outsourced CRO arrangement that does not leave directors exposed on accountability or governance.

It is suited to:

• Board members & directors of APRA‑regulated entities and AFSL holders responsible for risk oversight.
• Chief executives, general counsel & senior compliance leaders reviewing risk leadership and outsourcing models.
• Risk committees and governance teams preparing for FAR and CPS 230 commencement.

What this white paper covers:

• How FAR treats outsourced CROs and why boards remain accountable even when the role is external.
• When an outsourced CRO becomes a “material service provider” under CPS 230 and what that triggers.
• Key governance issues boards must address: independence, information flows, continuity and conflict management.
• The contractual terms and documentation regulators expect to see in a compliant outsourced CRO arrangement.
• The strategic case for using fractional risk leadership to solve talent constraints without weakening governance.

You receive a free, plain‑English white paper you can share with your board, CEO & governance team so everyone has the same, informed view of how outsourced risk leadership should be structured under FAR, CPS 230 & the Corporations Act.