For both financial services licensees and superannuation licensees not only is it an offence to breach a licence term, it is also an offence not to report a material breach within a required time (in the case of financial services licensees, the obligation covers significant breaches, or likely breaches). (see s. 912D Corporations Act 2001 and s. 29JA of the Superannuation Industry (Supervision) Act 1993).

For RSE Licensees, APRA has released an online breach notification process.