4251-4260 of 4356 results
First civil penalty order for breach of FOFA duties
The Federal Court recently imposed a 1 million civil penalty on a licensee for breaches by its representatives of the best interests and appropriate advice duties The penalties were the same amount that was agreed between ASIC and the licensee The decision is a reminder to financial services ...
Parliamentary Committee reports on the life insurance industry
The Parliamentary Joint Committee on Corporations and Financial Services has published its report on the life insurance industry The report includes a nice summary of previous inquiries reviews reforms and events since 2013 The Committee appears to think that all of these previous efforts have been ...
Interested in investment in Vietnam?
Vietnam has increasingly been an attractive investment destination for foreign investors In recent years the legal landscape for doing business in Vietnam has changed significantly with the introduction of new laws including the key laws on enterprise and investment Weve published our new Legal ...
The end of the unit trust monopoly - tranche 1 of the revised CCIV bill
On 13 June 2018 the Federal Government released the first tranche of the revised exposure draft legislation for the new corporate collective investment vehicle one of the two forms of collective investment vehicle which it pledged to develop as part of the 2016-2017 budget We are undertaking a ...
Comments open for North East Link EES scoping requirements
The draft scoping requirements for the proposed North East Link projects Environment Effects Statement have been released and are open for public comment until 12 June 2018 ...
Vietnam issues a stringent new cybersecurity law
A new law in Vietnam enabling state control of cyber data will have wide-ranging implications for business costs and compliance The powers it gives to the Government are extensive and its coverage is unprecedented Partner Linh Bui and Associates Hien Nguyen and Khanh Nguyen report on the key issues ...
Preparing for the NEG's Reliability Guarantee - be alert, not alarmed
Following the recent release of the National Energy Guarantee High Level Design Document by the Energy Security Board Partner Anna Collyer and Associate Mark Leersnyder report on the proposed Reliability Guarantee component of the National Energy Guarantee which seeks to improve the supply and ...
Court enforces four-year restraint
A court has enforced a four-year restraint of trade clause in a business sale contract, preventing a part-time employee from taking up employment with a competitor after selling his stake in the business. ...
A Commission of Inquiry - of the Royal, not the Parliamentary, kind
Since the announcement of the Royal Commission into ahem financial services much has been written and said - a lot of which suggests that little attention is being paid to the terms of reference In this article I take a look at those terms ...
Breach reporting by AFS licensees
In the hurly burly of the Royal Commissions recent hearings concerning financial advice you may have missed some very important information about breach reporting by AFS licensees contained in the witness statement prepared by Mr Peter Kell Deputy Chair of ASIC ...