What does s912A require of a small AFSL holder on cyber?
Section 912A of the Corporations Act requires every AFSL holder, however small, to have adequate resources and risk management systems, and ASIC treats cyber security as part of that duty. In ASIC v FIIG Securities (13 February 2026), the Court ordered FIIG to pay A$2.5 million over cyber security failures. A small licensee should be able to show documented controls, named owners and evidence they are working.
Source: ASIC media release 26-021MRHuman-reviewed, Oct 2026
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