Join the SMSF Association Technical Team and a guest speaker for the In Practice Webinar Series.

In Practice is a monthly session of peer-to-peer learning, by Advisers for Advisers.

This month’s topic: AI in Practice: How Fintech, Complitech and Regtech Tools Are Creating Real Compliance Risks for SMSFs
Presented by Dominic Tayco, Partner & CFO/CCO, King River Capital

Overview
From investment platforms to admin portals, AI is now embedded in the fintech, regtech and complitech systems used daily by SMSF professionals. But these tools, while efficient, can expose advisers and clients to serious compliance, privacy and cybersecurity risks. With ASIC increasing scrutiny on cyber governance and the Security of Critical Infrastructure (SOCI) Act capturing more digital infrastructure, SMSF advisers and accountants need to understand their exposure, and how to manage it.

This session will demystify your obligations when using AI-enabled tools in SMSF advice and administration. Whether you’re selecting software, recommending platforms, or relying on outsourced providers, this webinar will equip you to:
• Understand how AI use by tech providers can trigger your own compliance obligations
• Identify when tools may fall within the SOCI framework
• Navigate ASIC’s expectations around cyber resilience, third-party risk and operational due diligence
• Align with Privacy Act reforms and anticipate future AI regulation impacting client data
• Apply practical checklists and mitigation steps when assessing or onboarding AI-powered services

Attendees will gain:
• A risk-based framework to assess fintech and regtech platforms
• Greater confidence in meeting compliance expectations in an AI-integrated environment
• Tools to protect client data and professional reputation when using automated technologies

This session is designed for SMSF accountants, advisers and auditors who want to use smart tools responsibly. Participants will walk away with practical insights to stay compliant, cyber-secure, and regulator-ready.

Time is reflected as AEST.