Breach Reporting Policy Template (APRA & ASIC)

For ASIC & APRA‑regulated licensees

Original price was: $450.00.Current price is: $350.00. +GST

Use this template to:
  • Set a clear internal process for identifying, assessing & escalating breaches
  • Align breach reporting with the Corporations Act 2001 (Cth), Banking Act 1959 (Cth) & related laws
  • Clarify when to report to ASIC, APRA or both under RG 78 & APRA standards
  • Give your team a consistent framework for documenting & managing reportable situations

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Breach Reporting Policy Template (APRA & ASIC): Document outlining significant assessment and incident/breach reporting form.

About this Document

Use this template if you:
  • Are regulated by ASIC, APRA or both
  • Need a documented, repeatable approach to identifying & handling incidents & breaches
  • Want staff to understand when an issue may be an ASIC “reportable situation” or APRA-notifiable breach
It is suited to:
  • AFS licensees & credit licensees
  • Authorised deposit-taking institutions (ADIs)
  • Insurers, superannuation trustees & PHIs
  • Other APRA & ASIC-regulated entities with dual reporting obligations
What this template covers:
  • Key concepts around incidents, breaches & reportable situations
  • An internal flow for triaging & assessing potential breaches
  • Guidance on when you may need to report to ASIC under the Corporations Act & RG 78
  • Guidance on when you may need to notify APRA under its prudential standards
  • How to think about dual reporting where both regulators may need to be informed
  • Roles, escalation paths, timelines, documentation & record-keeping expectations
You receive an editable Word document with placeholders for your entity name, roles, reporting lines & internal forms, so you can tailor the policy to your structure & embed it into your broader compliance framework.It is a practical base for breach reporting processes, not a substitute for tailored legal advice on complex or borderline matters.

How To Use This Template

This template is a starting point, not a final document. It’s been drafted by Australian lawyers to be practical and flexible, but it still needs to be reviewed and tailored for your specific business, transaction and risk profile.

Before you use it, you should:

  • Complete all placeholders, bracketed items and optional fields;
  • Remove any drafting notes or clauses that aren’t relevant to your situation; and
  • Check that party names, entity details, dates, addresses, contact details and defined terms are accurate.

Make sure the template is consistent with your other documents and obligations – including any existing contracts, policies, procedures, website terms, privacy disclosures, regulatory requirements or internal governance documents. If anything conflicts, it should be resolved before you sign, issue, adopt or implement the document.

If you are using the template as an agreement, it should be reviewed and signed by all relevant parties in accordance with applicable law and your internal signing requirements. If you are using it as a policy, procedure, notice or compliance record, it should be approved and stored under your organisation’s normal document control processes.

This template is provided as general information only and is not legal advice. Complex, high‑value, highly regulated or cross‑border matters will usually require bespoke drafting. For anything outside a straightforward use case, we strongly recommend obtaining legal advice before relying on, signing or implementing this document.

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