Regulatory Compliance

Understanding and assessing compliance with regulatory obligations and legislative changes can be complex and time consuming.  In many instances, an independent opinion can provide management, the board and regulators with reassurance.   

McGrathNicol’s compliance specialists regularly assist regulators and organisations. Our team have experience in large cross-sector reviews to assist regulators and organisations to understand compliance activity within their sector and assist in driving regulatory change. Our work includes:  

• Assisting businesses to build frameworks, including policies, procedures and processes 

• Driving compliance with legislation

• Testing regulated activities for compliance with their obligations

• Responding to regulatory examination and enforceable undertakings

• Undertaking reviews or investigation to identify ‘root causes’ and impact.

The focus of regulatory activities often changes as legislators, government agencies, industry bodies and businesses work to improve governance and operational practices. Current areas where we are assisting clients address their regulatory obligations are: 

• Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act  

• APRA Standards  

• Cyber Security Act 

• Foreign Ownership, Control or Influence Risk guidance  

• Payroll Compliance 

• Privacy Act 

• Sanctions and regulations  

• Security of Critical Infrastructure Act. 

Our specialists bring cross-sector experience and methodology to deliver insights and independent advice. 

Using McGrathNicol’s proprietary tools, we can help you diagnose the qualitative and quantitative drivers of payroll non-compliance and identify how you can achieve on-going compliance and fulfil your obligations.