Compliance programmes Standard Standards launch upcoming events and interest from a number of differ

As advised in the May issue of Touchstone, Standards New Zealand has published NZS/AS 3806 – a Compliance programmes Standard. NZS/AS 3806:2006 is a modified adoption of the Australian Standard AS 3806, with a New Zealand-only amendment so it is suitable for use in New Zealand.

'The Compliance programmes Standard is at the core of everything we do in practising compliance,' says Martin Tolar, Chief Executive Officer of the Australasian Compliance Institute, which sponsored the adoption in New Zealand.

'It's been really interesting to see the diversity of interest in the Standard. We've had enquiries from people based in Singapore and Hong Kong, as well as in Australia and New Zealand. These people are glad that the Standard is now a joint New Zealand/Australian Standard as it is a step towards the creation of an international Standard, which is essential as more organisations seek to harmonise compliance frameworks across international jurisdictions. Looking closer to home, the creation of a joint Standard makes sense given the amount of trans-Tasman trade that takes place each year.'

Upcoming events

Standard launch events 24 and 25 June 2009

ACI is pleased to launch the newly adopted Australian and New Zealand Standard for Compliance programmes in both Wellington and Auckland. This two-hour event is relevant for organisations across all industry sectors and is targeted at compliance and risk managers, CEOs, directors, general managers, legal counsel, accountants, and anyone with a responsibility for ensuring compliance in their business or with an interest in implementing a compliance programme and creating a positive culture of compliance in their organisation.

Martin Tolar, Chief Executive Officer of the Australasian Compliance Institute, and Debbie Chin, Chief Executive of Standards New Zealand will present the new NZS/AS 3806 Standard for Compliance programmes and will discuss the 12 key principles that promote best practice in compliance and the benefits of using the Standard in your organisation.

Attendees will also have an excellent opportunity to network with their industry peers and other compliance and risk professionals.

Wellington: 24 June 2009 at Standards New Zealand, Level 10, 155 The Terrace, Wellington.

Auckland: 25 June 2009 at DLA Phillips Fox, 209 Queen Street, Auckland.

Cost: $15 AUD for ACI members and $30 AUD for Non members.

To register visit the events page of or email or call +61 2 9290 1788

2009 2nd Annual New Zealand Finance Sector Forum 27 August 2009

ACI is pleased to present the 2009 2nd Annual New Zealand Finance Sector Forum, Thursday 27 August 2009, Auckland.

ACI's New Zealand Financial Sector Forum, now in its second year, is a unique event designed to allow those at the forefront of the finance sector to hear from their industry peers and discuss shared issues. In the current climate of regulatory reform and global economic upheaval, New Zealand's finance sector faces the dual challenge of relieving the immediate impact of international recession and developing strategies for future financial development.

Attendees will have a unique opportunity to discuss some of the most significant regulatory and economic issues facing New Zealand's financial sector, featuring representatives from the Key Government, the Securities Commission, Reserve Bank of New Zealand, and the New Zealand Stock Exchange.

This comprehensive one day programme will also look at issues such as anti-money laundering and its impact on the compliance landscape, the impact of government guarantees and insurance on the financial sector, and market liquidity and its impact on foreign exchange.

Featuring contributions from:

  • Hon Bill English, Deputy Prime Minister, Finance and Infrastructure Minister
  • Jane Diplock AO, Chairman, Securities Commission New Zealand
  • Tim Gibson, Chief Executive, New Zealand Trade and Enterprise
  • Toby Fiennes, Chairman, Reserve Bank of New Zealand
  • Prof. David Mayes, Adjunct Professor, Europe Institute, University of Auckland
  • Kylie Jackson-Cox, Compliance Manager, Operational Risk and Compliance, BNZ

Download the Forum brochure [PDF 224 kB]

To register your attendance at this forum or to find out more, visit or email or contact the ACI office directly on +61 2 9290 1788.

Cost: ACI Members: $660 AUD Non Members: $880 AUD.

New Zealand ACI Accreditation Associate Intensive Course 25 and 26 August 2009

The Associate Intensive Course is an innovative education and training course aimed at providing outstanding career development opportunities and recognition of professional excellence and access to leaders in compliance and regulation.

The Associate Intensive Course:

  • is an education delivery option available to compliance staff who are relatively new to the profession but who have had at least one year's experience in compliance and have acquired some working knowledge for each of the capabilities at the Associate level
  • provides relevant content that will cover topics including compliance, risk, governance, investigations, ethics, project management, communication, and legal concepts
  • provides an excellent opportunity to gain theoretical knowledge, practical tools for your organisation, and gain recognition for your skills in compliance.

Course content delivery will be through lecture material as well as the facilitation of the experience of practical application and integration of the capabilities through the referencing of a case study.

At the completion of the Associate Intensive Course students should be able to successfully undertake a 'take home' assessment component and thereby demonstrate that their skills levels meet the academic criteria for accreditation as an ACI Associate.

The Associate Intensive Course features a range of key benefits that include:

  • furthering your skills and your compliance career
  • gaining practical tools and experience through case studies and syndicate work
  • updating your knowledge in compliance and risk
  • networking with the leaders in compliance and regulation
  • gaining recognition for your professional excellence.

Dates: 25 and 26 August 2009, Auckland.

Cost: ACI members $2,200 including GST or $2700.00 including GST for non members.

Please note that these fees do not include accommodation and students from outside the host city will need to make their own arrangements for travel and accommodation.

For further information and to register your place in this course, please click here, email, or call the ACI office on +61 2 9290 1788.

Interest from a number of different sectors

The Compliance programmes Standard is already proving to be of particular interest to:

  • company directors and CEOs who are responsible for ensuring the establishment and maintenance of the governance frameworks within their organisations
    • 'Businesses large and small will find the compliance principles valuable in developing and customising their own compliance programme,' says Graham Gleghorn, a member of the development committee for NZS/AS 3806, representing Business New Zealand. Businesses can use the Standard to take appropriate steps to ensure they comply with laws, regulations, and other obligations.
  • the legal profession – the Standard provides a practical framework for compliance by legal practitioners
    • 'This Standard will help proactive businesses take appropriate steps to ensure they comply with laws, regulations, and other obligations,' says John Horner, Partner at Quigg Partners, and a member of the development committee for NZS/AS 3806. 'Those businesses that apply the Standard will be likely to spend less time and fewer resources reacting to incidents of non-compliance and enforcement action than they otherwise might.'
  • advisors and those responsible for investigating and certifying compliance – the Standard provides guidance for investigators and advisors to inform their work and to guide their clients
    • 'NZS/AS 3806 is a tool that aims to guide you through implementing an appropriate compliance programme within your area,' says Philippa Clarke, Risk Partner, Operational Risk and Compliance at the BNZ, and a member of the development committee for NZS/AS 3806. 'And it is transferable across a range of organisations. In principle, it is intended to assist organisations have firmer compliance plans that better conform with laws, regulations, and other obligations – organisations are not mandated to use it.'
  • managers in the public and private sector – organisations of all sizes that operate under legislative or regulatory compliance frameworks can benefit from applying the Standard's guidance
  • accountants – New Zealand Institute of Chartered Accountants' members are required to comply with specific compliance programmes
  • organisations concerned with public record-keeping.

For more information, see:

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