Financial Services ERP for Australia

The Design and Distribution Obligations (DDO) introduced in 2021 require issuers and distributors of financial products to identify a target market for each product, develop target market determinations, and monitor product distribution to ensure it reaches the appropriate audience. The anti-hawking provisions restrict unsolicited offers of financial products. These requirements have created significant product governance obligations for financial services firms.

Australian superannuation is a major industry segment, with mandatory employer contributions at the current superannuation guarantee rate requiring fund administration, investment management, and member services. APRA-regulated superannuation funds must meet the Your Future, Your Super performance test benchmarks or face consequences including closure to new members. AUSTRAC administers AML/CTF requirements with program obligations, transaction monitoring, and reporting.

Yukti provides Australian financial services firms with APRA prudential reporting for ADIs, insurance companies, and superannuation funds in the prescribed D2A (Direct to APRA) submission formats. ASIC regulatory compliance supports financial product disclosure obligations, DDO target market determination management, and breach reporting under the new breach reporting regime. The superannuation administration module handles member contributions, investment option management, Your Future, Your Super performance benchmarking, and member communication requirements. AUSTRAC AML/CTF compliance includes program management, transaction monitoring, IFTI (International Funds Transfer Instruction) reporting, and suspicious matter reports. GST at 10% applies to many financial services with input-taxed treatment for others, creating complex GST apportionment calculations. Corporate tax at 30% (or 25% for base rate entities) includes franking credit management for dividend distributions.