Complaints & Consumer Protection

Must complaints be acknowledged?

ASIC RG 271 expects complaints to be acknowledged promptly, generally within 24 hours or one business day after the AFS...

Do anonymous complaints have to be treated as complaints?

ASIC RG 271 treats anonymous complaints as complaints when they express dissatisfaction about an AFS licensee, adviser, product, service or...

Is a Google review a complaint?

ASIC RG 271 treats a Google review as a complaint when it expresses dissatisfaction about an AFS licensee, adviser, product,...

What is a complaint under ASIC RG 271?

ASIC RG 271 defines a complaint as an expression of dissatisfaction made to or about an AFS licensee, its products,...

Do social media comments count as complaints?

ASIC treats social media comments as complaints when they express dissatisfaction about a financial firm, product, service, staff member or...

Why is complaint data important beyond meeting ASIC’s reporting requirements?

ASIC expects complaint data to support more than regulatory reporting. For Australian financial services licensees (AFSLs) and Australian credit licensees...

What are the most common problems with IDR reporting?

ASIC expects Australian financial services licensees (AFSLs) and Australian credit licensees (ACLs) to submit complete and accurate IDR data. The...

How often must IDR data be reported to ASIC?

ASIC requires IDR data to be reported every six months by Australian financial services licensees (AFSLs) and Australian credit licensees...

Do I need to report to ASIC if I haven’t received any complaints?

ASIC requires many Australian financial services licensees (AFSLs) and Australian credit licensees (ACLs) to submit IDR data even when no...

Who must submit IDR data to ASIC?

ASIC requires most Australian financial services licensees (AFSLs) and Australian credit licensees (ACLs) that provide services to retail clients to...

Step 1 of 8 - Your Role

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Assess your ASIC exposure

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