---
title: "Review an AFSL holder's AI governance against ASIC REP 798"
url: "https://ailawframework.com/practice/financial-services-regulation/review-an-afsl-holder-s-ai-governance-against-asic-rep-798"
type: "task"
site: "AI Law Framework"
id: "A28-B8-1"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["AU"]
last_reviewed: "2026-10-22"
---

# Review an AFSL holder's AI governance against ASIC REP 798

> Gap-analyse the licensee's AI governance against ASIC findings.

Canonical page: https://ailawframework.com/practice/financial-services-regulation/review-an-afsl-holder-s-ai-governance-against-asic-rep-798  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Financial Services Regulation (AFSL/ASIC/credit)](https://ailawframework.com/practice/financial-services-regulation.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Gap-analyse the licensee's AI governance against ASIC findings. |
| What the lawyer must review | Lawyer gives the advice. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Review an AFSL holder's AI governance against ASIC REP 798

- What the AI does: Gap-analyse the licensee's AI governance against ASIC findings.
- What the lawyer does: Lawyer gives the advice.
- Basis: Area-specific AU source in links
- Written for: AU
- Source basis: Area-specific AU source in links

## Sources

- [ASIC REP 798: AI governance](https://download.asic.gov.au/media/mtllqjo0/rep-798-published-29-october-2024.pdf) (checked 2026-10-10)
- [Holding Redlich: AI and financial services 2025](https://www.hnlaw.com.au/artificial-intelligence-and-financial-services-what-2025-taught-us/) (checked 2026-10-10)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/financial-services-regulation/review-an-afsl-holder-s-ai-governance-against-asic-rep-798/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*