21-30 of 590 results
Financial services regulation update (November edition)
In this session, we will cover the long-overdue package of reforms to the Personal Property Securities Act 2009 (Cth) is finally out. The changes are extensive and include 345 of the recommendations from the 2015 Whittaker Review. It's mostly good news, but there's a huge amount to think about and do, and now is the time to have your say to get it right. ...
ASIC provides relief for licensees under the reportable situations regime
ASIC has provided some additional relief from the 'reportable situations' regime that applies to Australian financial services and credit licensees. The changes apply immediately, and licensees should review and update their internal systems for dealing with incidents and reportable situations to re ...
Allens advises IAG on $1.35bn strategic alliance with RAC WA
The partnership sees IAG acquire the RAC WA Insurance business and enter into a 20-year exclusive distribution agreement for RAC-branded home, motor and niche insurance products. 'We are delighted ...
Another tranche of proposed financial advice changes lands
Treasury has released a consultation draft Bill to implement part of tranche 2 of the Government's response to the Quality of Advice Review (QAR). ...
APRA releases Discussion Paper on Governance, proposing more prescriptive requirements for banks, insurers and RSE licensees
In the discussion paper released yesterday, APRA says that 'well governed entities are more resilient in times of stress, more agile in times of change, and demonstrate more sophisticated risk judgement'. ...
Regulatory scrutiny of private capital increases
Private capital is becoming a growing focus of regulators, both in Australia and internationally, given the ever-increasing flow of capital to the sector in recent years. ...
Allens advises LGT Crestone on acquisition of Commonwealth Private Advice
The business includes 19 investment advisers, approximately 500 clients and more than $5 billion in client assets. As part of the agreement, LGT Crestone will also integrate approximately 40 ...
APRA increasing scrutiny of expenditure by superannuation trustees
In this Insight, we highlight what APRA plans to do over the coming 12 months through surveillance and enforcement action and areas of its likely focus, and then set out practical steps trustees can take now to prepare for increased scrutiny and possible enforcement action from APRA. ...
Evolving litigation landscape: recent ESG disputes trends
In this Insight, we spotlight emerging trends, reflect on potential implications for future ESG-related disputes and provide practical guidance on both managing stakeholder expectations and mitigating the risk of litigation. ...
ASIC extends transitional relief for FFSPs
ASIC has again extended transitional relief for foreign financial services providers (FFSPs) relying on existing relief when providing financial services to Australian wholesale clients. ...