Law Council of Australia

Legal Practice Section

Financial Accountability Regime—Regulator rules and Transitional rules

Submission Date: 19 April 2024

The Superannuation Committee of the Law Council of Australia’s Legal Practice Section has provided a submission to APRA and ASIC about the Financial Accountability Regime (FA Regime)—Regulator rules and Transitional rules.

The Regulators request that all interested stakeholders use this consultation to provide feedback or information on:

  1. the proposed lists of Insurance Key Functions and RSE licensee Key Functions within the draft amendment instrument;
  2. the proposed Insurance Key Functions and RSE licensee Key Functions descriptions;
  3. the compliance impact of the proposed changes; and
  4. any other substantive costs associated with the changes.

Last Updated on 11/12/2025

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