Plimsoll - Regulatory Reporting Platform for APRA and AUSTRAC Returns

Dashboard, returns register with quick view, return workspace with 8 tabs, sign-off queue and adjustments register. Every one of the 21 demo returns opens its own workspace.

Data loaded, GL reconciliation passed, errors cleared, warnings explained, variances commented and adjustments approved. Send for sign-off stays disabled until all six are ticked.

A reviewer approves adjustments up to AUD 5m or 0.05 pts on a key ratio; anything larger waits for the accountable executive. Nobody can approve an adjustment they raised.

11 APRA forms, 25 validation rules, 15 adjustments in every status, 6 data sources, 10 staff users and 8 quarters of filing timeliness.

Numbers Nobody Could Trace

The Chief Financial Officer, the accountable person for financial reporting under the Financial Accountability Regime, was signing returns he could not trace back to source. CPG 235 sets expectations on data quality, validation and lineage that a chain of workbooks could not show.

No Evidence of Who Checked What

The internal auditor's review of reporting controls found no record of reviews or approvals. APS 310 generally requires the external auditor to report on those controls, and reporting standards generally require submitted data to be signed off by an authorised officer.

Every Return Has Its Own Clock

Each APRA standard sets its own frequency and due date. AUSTRAC threshold transaction and international funds transfer reports are generally due within 10 business days, counted around NSW public holidays, and the AML/CTF Amendment Act 2024 changes some obligations in stages from 2026.

Many Sources, One Return

A single return draws on core banking, the general ledger, treasury, the teller system and the payments gateway. One late or failed load changes the numbers, and customer data in transaction reports is personal information under the Privacy Act 1988.