‘Risk assessment‘ means the same thing on both sides of the Tasman – until you have to write one. 

This brief sets out, for compliance officers and advisers operating on both sides of the Tasman, how the risk assessment obligation is framed in each jurisdiction, where the requirements align, and where the practical differences matter. Throughout, we distinguish between what is a legal requirement, what is regulatory expectation, and what is supervisory guidance or best practice, a distinction that is easily lost but central to a defensible position.