Responsible Manager training (RG 105) for Australian AFSLs
If you are a Responsible Manager, or about to become one, ASIC expects you to understand the licence, the people under it, and how you would evidence that in a review. This page is about that job. The training itself is the Clearwise AFSL Bootcamp: six self-paced modules, $399 once, ASIC-aligned (not ASIC-endorsed).
Responsible Manager responsibilities under RG 105
Under RG 105, organisational competence means ASIC expects your AFSL to maintain competent systems, processes and people. As a Responsible Manager, you are accountable for making sure that happens in practice.
Responsible Manager CPD and ongoing competence
RG 105 expects Responsible Managers to maintain their competence through ongoing professional development. ASIC does not prescribe specific CPD hours for RMs, but you should be able to demonstrate that you stay current with regulatory changes, industry developments, and best practices relevant to your AFSL authorisations.
Practical approaches to maintaining RM competence include structured training (like this bootcamp), participation in industry forums, engagement with regulatory updates, and documenting how your ongoing learning applies to your AFSL governance framework. Your AFSL should have a documented approach to ensuring RMs remain competent over time.
Who this training is for
The AFSL Bootcamp is designed for anyone who needs practical, ASIC-aligned training on Responsible Manager duties and AFSL governance.
First-time Responsible Managers
Get clarity on your obligations and what good governance looks like before you start
Existing RMs refreshing knowledge
Update your understanding before an ASIC review or governance refresh
Small and startup AFSLs
Build your governance framework from the ground up with practical guidance
Authorised Representatives (ARs)
Understand the licence obligations that flow through to your AR agreement
Compliance officers
Standardise RM onboarding and maintain documented training records
Licensees needing documented training
Evidence structured training for internal records and ASIC reviews
What the AFSL Bootcamp covers
Six focused modules that map to ASIC regulatory guides (RG 78, RG 105) and explain what good AFSL governance looks like in practice.
Module 1: Understanding the AFSL and RM role
Clarify your AFSL conditions, Responsible Manager duties, and the link between licence obligations and day-to-day decisions.
Module 2: Building a fit-for-purpose governance framework
See what a practical governance framework looks like, including policies, registers, and oversight structures.
Module 3: Monitoring, supervision and delegation
Learn practical approaches for supervising representatives, delegating tasks, and evidencing that supervision is actually occurring.
Module 4: Breach identification and reporting (RG 78)
Understand how to identify, assess, and report breaches correctly and on time, with examples of common scenarios.
Module 5: Disclosure and complaint handling
Connect disclosure documents and complaint-handling obligations to real interactions with clients and licensees.
Module 6: Preparing for ASIC surveillance and reviews
Get a practical view of how to stay review-ready—what ASIC may ask for, and how to avoid common red flags.
What this training is (and isn't)
Frequently asked questions
What is a Responsible Manager?
A Responsible Manager (RM) is an individual named on an Australian Financial Services Licence (AFSL) who is responsible for ensuring the licensee complies with its obligations under the Corporations Act and AFSL conditions. RMs are accountable for maintaining organisational competence under ASIC Regulatory Guide 105 (RG 105).
What does RG 105 require for Responsible Managers?
RG 105 sets out ASIC's expectations for organisational competence. It requires AFSLs to have competent Responsible Managers who understand the licence authorisations, maintain effective governance frameworks, supervise representatives appropriately, and ensure compliance with regulatory obligations including breach reporting, disclosure, and complaints handling.
Do Responsible Managers need CPD or ongoing training?
Yes. RG 105 expects Responsible Managers to maintain their competence through ongoing professional development. While ASIC does not prescribe specific CPD hours for RMs, you should be able to demonstrate that you stay current with regulatory changes, industry developments, and best practices relevant to your AFSL. Your AFSL should document how RMs maintain competence over time.
Who is this Responsible Manager training course for?
This training is designed for first-time Responsible Managers, existing RMs refreshing their knowledge, small and startup AFSLs building governance frameworks, Authorised Representatives who need to understand licence obligations, compliance officers managing RM onboarding, and licensees needing documented training for internal records and ASIC reviews.
Is the AFSL Bootcamp self-paced?
Yes. The AFSL Bootcamp is fully self-paced and online. You can work through the six modules on your own schedule, pause and resume anytime, and your progress is automatically saved. Each module includes CPD certificates upon completion.
Enrol in the AFSL Bootcamp
Get structured Responsible Manager training that covers AFSL obligations, governance, monitoring, breaches, complaints and ASIC interactions.
$399
One-time course fee • Self-paced • CPD certificates per module
Enrol in the AFSL BootcampEnrolling a team? Purchase multiple licences at signup and invite from your Team dashboard.
Content mapped to RG 78 and RG 105. We are not endorsed by, affiliated with, or acting on behalf of ASIC.
