DEEP DIVE | Responsible Managers: what RG105 requires, for brokers

General InsuranceInsurance BrokingTypes of insurance

Picture this: You are a brokerage with an AFSL, but following a retirement, you need to nominate a new Responsible Manager (RM). It makes sense to choose the next most experienced broker with years of experience, strong technical knowledge and...

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Anna Game-Lopata — ANZIIF senior writer

17 Apr 2026

5 mins read

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DEEP DIVE | Responsible Managers: what RG105 requires, for brokers

Picture this: You are a brokerage with an AFSL, but following a retirement, you need to nominate a new Responsible Manager (RM).

It makes sense to choose the next most experienced broker with years of experience, strong technical knowledge and a deep understanding of clients and products.

You know there’s a requirement for the RM to be “competent at the organisation level” but you’re not entirely sure if the person you’re thinking of neatly fits the definition.

How can you confidently meet your obligations under RG105?

What does RG105 actually require?

Regulatory Guide 105, issued by ASIC, sets out how AFS licensees must demonstrate compliance with the organisational competence obligation under section 912A(1)(e) of the Corporations Act.