Compliance

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Compliance

Since 11 March 2004, insurance advisers and brokers are required to hold  an Australian Financial Services Licence, or operate as an Authorised Representative of an AFS Licensee.

NAS Insurance Brokers commenced their AFS Licence in 2003, creating a robust compliance system which continues to be developed to assist advisers and brokers within our network.

Key features of our compliance system include:

  • Approval and support of the Board of Directors and Management Team.
  • Adherence to the Australian Standard for Compliance Programs.
  • An extensive set of policies, procedures and forms defining and describing operational aspects of our relationship with clients and Authorised Representatives, as well as our internal operations
  • A Compliance Manager, Compliance Officer and members of the support staff who assist with, monitor and supervise the efficient operation of the system

Regular Audits are carried out which help provide peace of mind that all the necessary legislation requirements are being met.  In addition to this, regular updates are provided on any changes in legislation that may occur. 

 

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