The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has launched a 2026 Insurance Brokers Compliance Update short course, targeting insurance brokers operating under evolving regulatory expectations in Australia.
The online module is structured as a 50-minute update on core compliance requirements for intermediaries, outlining why compliance is required, the actions brokers must take, and how to complete key documentation. It includes templates and workplace aids intended for use in broking operations, such as maintaining records that demonstrate advice, disclosure, and placement processes.
For the first time in an ANZIIF short course, the content is delivered in both written and audio formats, so users can access the material in either format. On completion, participants earn one Certified Insurance Professional (CIP) point, along with a certificate of completion and a digital badge that can be recorded in professional development logs and employer reporting. The course is currently priced at $88 plus GST.
The release comes as insurance brokers work within a compliance framework shaped by financial services law, regulator guidance, and industry codes. According to ANZIIF, the course is structured so that, by the end, participants can explain why compliance is central to broking practice, describe the steps required to meet core obligations, and complete relevant documentation accurately. The content also outlines recent and anticipated changes to legislative and regulatory settings that affect brokers’ conduct, record-keeping, and client communication.
ANZIIF plans to refresh the course each year as an annual compliance update reflecting new or amended laws, regulator expectations, and changes in industry practice. ANZIIF chief executive officer Katrina Shanks said: “Compliance isn’t optional; it’s the foundation of trust in our industry. This course gives insurance professionals the clarity and confidence to meet their obligations and deliver better outcomes for clients. ANZIIF remains committed to practical, industry-aligned education that strengthens capability and protects reputation.”
The launch coincides comes at a time when the National Insurance Brokers Association (NIBA) is reviewing the Insurance Brokers Code of Practice, which sets expectations for broker conduct and client service across the market. Since its introduction, the code has operated as a benchmark for professional standards in broking and a framework for accountability to clients and the broader community. To lead the current review, NIBA appointed Phil Khoury of cameron. ralph. khoury (CRK) as independent reviewer.
At the regulatory level, the Australian Securities and Investments Commission (ASIC) is progressing a simplification program that affects Australian Financial Services licensees, including insurance brokers. Since the start of the year, ASIC has removed or consolidated more than 9,000 pages of guidance and documentation as part of an effort to streamline regulatory materials and withdraw outdated content. The program includes consolidating legislative instruments, withdrawing older regulatory guides and changing the way entities interact with the regulator.
ASIC has launched pilot initiatives to support small business directors and financial advisers in understanding their obligations and is moving toward fully digital processes, including email lodgement and electronic signatures for all forms by October 2025. The regulator is also working with Treasury on potential law reform aimed at further simplification where appropriate.
Taken together, ANZIIF’s new course, NIBA’s code review, and ASIC’s simplification program indicate a period of adjustment for broking firms as they reassess compliance frameworks and processes.
