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In this episode of Risk! Engineers Talk Governance, due diligence engineers Gaye Francis and Richard Robinson discuss regulations and licence to trade, the difference between the two and some of the confusion and difficulties it's causing for organisations, especially in major hazards.

In their chat, they highlight the need for organisation to have their legislative requirements met and also their license to trade, and that managing and balancing both in an effective and efficient way is a big battle. And, ultimately, it doesn't work long-term to simply satisfy the regulator whilst ignoring the legal (legislation) issues.

For more information on Richard & Gaye's work, head to www.r2a.com.au and www.aptoppe.com.au.