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BEAR & FAR in Australia

Be certain you’re complying with the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) guidance on the Banking Executive Accountability Regime and the Financial Accountability Regime (FAR). Star’s dedicated IAR solution was designed to help accountable entities establish and maintain a regime for their accountable persons and adapt to changes in regulation as they occur.


Establish and maintain an accountability regime for accountable persons

  • Manage Accountability Maps & Accountability Statements for Senior Executives across the organization.
  • Complete versioning control of Maps, Statements and other key documentation.
  • Provide an easy way for Accountable Persons to document Reasonable Steps.
  • Fully auditable.
Individual Accountability- Certification Regime

Fit & Proper person workflows for accountable persons

Gain control of all aspects of the fitness & proper assessment process – with compliance technology that makes it easy for your employees.
  • Manage the entire process – from identifying accountable persons and assigning activities to personal development and supervision.
  • Perform annual and ad-hoc fit and proper assessments with sign-off and automated escalation built-in.
  • Use robust, transparent dashboard reporting to gain insights into individual and firm-wide results.
Individual Accountability-Conduct Rules

Manage Conduct Rules attestation & breaches

Raise awareness of employee conduct issues across your firm and expand individual accountability. Fostering a culture of strong values and ethical behavior is what builds respected, reputable businesses.

  • Implement annual declaration workflows and store declarations for good record-keeping.
  • Record and manage breaches and regulatory reporting.
  • Improve the accuracy and efficiency of regulatory reporting.
  • Record role-specific training.
Individual Accountability-FCA Directory
AU-Employee Report-brochure


How Firms in Australia Are Transitioning To The Financial Accountability Regime

In a dedicated effort to provide steadfast support for firms on their journey, StarCompliance launched a strategic market research study across Australia, focused on senior compliance professionals within financial services, to gain deeper insight into the most pressing compliance challenges confronting enterprises in the region, and provide a strategic roadmap that ensures flawless integration of the new regime.



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