ASIC Compliance Management Software

ASIC Compliance Management Software for Australian AFS Licensees

Bring your AFS obligations, IDR/AFCA reporting, breach-reporting clocks, financial reporting, and director duties registers into one organised work surface.

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ASIC compliance software helps Australian companies meet their obligations to ASIC — covering AFS licensee obligations, IDR and AFCA reporting, breach reporting timelines, corporate governance registers, financial reporting, and director duties.

What is ASIC compliance management software?

ASIC compliance management software is a single system that helps Australian companies meet their obligations to the Australian Securities and Investments Commission. In practice, that covers an Australian Financial Services (AFS) licensee obligations register, internal dispute resolution (IDR) and AFCA reporting, breach-reporting timelines, corporate governance records, financial reporting calendars, and director duties registers.

What you can manage in NovoCove

Six obligation areas most ASIC-regulated teams need to track.

AFS licensee obligations register

Record every obligation attached to an Australian Financial Services licence: responsible managers, disclosure obligations, fee disclosures, and reporting timelines.

AFCA and IDR reporting

Track internal dispute resolution (IDR) responses, AFCA case outcomes, and the 30-day / 45-day reporting deadlines that follow.

Breach reporting timelines

Log reportable situations, assess the 30-day significant-deficiency clock, and capture ASIC Form RF101 submissions with linked evidence.

Corporate governance register

Maintain director and officer records, related-party transactions, conflicts registers, and board-meeting minutes with full version history.

Financial reporting calendar

Half-year and full-year financial reports, director's reports, and auditor sign-offs organised on a single calendar with automated reminders.

Director duties register

Capture section 180–184 duties, declarations of interest, related-party dealings, and the disclosure trail ASIC would expect on request.

How NovoCove keeps ASIC obligations on track

The platform primitives that make ASIC compliance work less of a scramble.

Single obligations register

Owners, due dates, status, and evidence in one structured place.

Reminders that respect the clock

30-day and 45-day breach reporting windows do not slip through.

Evidence in context

AFCA responses, board minutes, and policy versions stay attached to the obligation they support.

Readiness view

See what is complete and what still needs attention before ASIC enquiries arrive.

Clear ownership

Every obligation has a named accountable owner and an escalation path.

Role-based access

Sensitive governance records stay restricted to the people who need them.

Why ASIC-regulated teams use NovoCove

A practical approach to compliance work, designed for mid-market and growing Australian teams.

  • A single, current view of every AFS, governance, and reporting obligation
  • Breach-reporting clocks captured at the date of identification, not the date of discovery
  • Evidence attached to the obligation it supports, so ASIC enquiries find the right record fast
  • Role-based access for directors, compliance, and frontline staff
  • Reminders that respect the 30-day and 45-day windows in the reportable situations regime
  • Hosted in Australia, with enterprise-grade security

Frequently asked questions

What is ASIC compliance management software?
ASIC compliance management software is a single system that helps Australian companies meet their obligations to the Australian Securities and Investments Commission. In practice, that covers an Australian Financial Services (AFS) licensee obligations register, internal dispute resolution (IDR) and AFCA reporting, breach reporting timelines, corporate governance records, financial reporting calendars, and director duties registers.
Is NovoCove an ASIC-licensed product?
No. NovoCove is a compliance management platform, not an ASIC licensee. It helps you organise and evidence the work behind your ASIC obligations; it does not lodge reports on your behalf, and it is not a substitute for an AFS licensee or for legal advice.
Who uses ASIC compliance management software?
AFS licensees, responsible managers, compliance officers, governance and risk teams, and directors of Australian companies. It is most useful where there is a steady stream of obligations with hard deadlines — IDR responses, breach-reporting clocks, financial reporting, and director disclosures.
Can NovoCove manage the 30-day breach-reporting timeline?
Yes. You can record the date an issue was identified, capture the 30-day significant-deficiency clock, and assign a responsible owner with automated reminders. Linked evidence (the Form RF101, internal investigation notes, board minutes) stays attached to the obligation for the audit trail ASIC would expect.
Does NovoCove replace our existing ASIC workflows?
Not necessarily. Many teams use NovoCove as the day-to-day compliance work surface alongside their existing governance, risk, and audit tools. The fit is strongest when you need a single place to track ASIC obligations, deadlines, and evidence; it is less of a fit for transaction-monitoring or surveillance work that lives in dedicated RegTech tools.
Is NovoCove hosted in Australia?
Yes. NovoCove is hosted exclusively in AWS Sydney (ap-southeast-2) with enterprise-grade security controls. Customer data does not leave Australia.
What is the 30-day breach reporting timeline ASIC expects?
Under section 912D of the Corporations Act 2001, an AFS licensee must lodge a Form RF101 with ASIC within 30 days of becoming aware of a significant breach or likely breach of its obligations. The 30 days is strict — not a guideline. A platform that captures the awareness moment, calculates the deadline, fires 7-tier alerts at 30, 14, 7, and 0 days, and routes the obligation to a named owner is the difference between a clean RF101 and a missed deadline.
What is ASIC compliance software used for day to day?
Day to day, ASIC compliance software is used to record the obligations of an AFS licence (responsible managers, disclosure obligations, fee disclosures), track IDR responses and AFCA escalations, monitor breach-reporting clocks, maintain a corporate governance register (directors, related-party transactions, conflicts), and run the financial reporting calendar. The right tool organises these into a single workflow with linked evidence and an audit trail.
How is ASIC compliance software different from GRC software?
ASIC compliance software focuses on the obligations an AFS licensee faces to ASIC — the licence obligations, IDR, breach reporting, financial reporting, and director duties. GRC software is broader and adds enterprise risk management, third-party risk, and ESG. Many mid-market AFS licensees start with ASIC compliance software and grow into GRC as they scale. See the GRC software Australia page for the broader category context.
How does ASIC compliance software help with director duties?
Director duties under sections 180–184 of the Corporations Act 2001 require directors to act with care and diligence, in good faith, and not to use their position improperly. A software platform helps by capturing each director's declarations of interest, related-party dealings, conflict disclosures, and the disclosure trail ASIC would expect to see on request — with full version history and an audit log of who signed what and when.
Is there a free ASIC compliance register?
No regulator-grade free ASIC compliance register exists. Teams that start on a spreadsheet typically outgrow it within 12 months as the obligation count grows past 20. The spreadsheet becomes a liability at the point a Form RF101 deadline or AFCA escalation needs to be evidenced on short notice. At that point, a structured ASIC compliance register pays for itself in a single avoided missed deadline.
Can NovoCove help with the annual ASIC compliance certificate?
NovoCove helps you evidence the work behind the annual compliance certificate by maintaining a current obligations register, the linked evidence pack, the breach reporting history, and the director disclosures for the period. The certificate itself is a director attestation that your platform can support but cannot sign on your behalf.

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