Compliance
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What were previously tiresome and sometimes complex compliance tasks become just part of your day-to-day workflow as Nova Solutions™ assigns, monitors, measures and reports on compliance obligations, whether they are driven by legal and regulatory obligations or organisational policies and procedures. Key functionality includes:
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- Capturing key compliance obligations.
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- Linking obligations to governing acts or regulations.
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- Simplifying obligations through the use of a category tree structure that separates key legal & regulatory, organisational and contractual obligations.
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- Assigning responsibility for compliance tasks to individuals, including frequency of monitoring.
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- Automated email notification of the task delivered in simple plain English emails to the responsible person, specifying a deadline for confirmation of performance of that obligation.
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- Assigning stakeholders and escalation points for tasks.
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- Monitoring the performance of those obligations, and escalating responsibility where non-compliance or trigger dates are reached.
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- Providing tools to enable line and compliance managers to monitor performance.
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- Reporting on task performance and breaches in real time.
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- Providing transparency to management including a complete range of tailored reports.
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- Providing a complete audit trail of all tasks performed inclusive of editing, performance and all instructions relevant to the task.
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Clients can either upload their own compliance checklists or utilise content that has been developed by our legal and industry experts in areas such as:
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- Company secretarial tasks (including statutory reporting)
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- Occupational Health & Safety
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- Financial Services Law & ASIC Regulation (including Managed Investment Schemes)
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- ASX Listing Rules & Corporate Governance Guidelines
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- Franchise Code of Conduct
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