41-50 of 592 results
ASIC targets superannuation trustees on financial advice fees
On 9 May 2024, ASIC released its report, REP 781 Review of superannuation trustee practices protecting members from harmful advice charges, outlining findings from its review of progress by superannuation trustees in addressing risks of member harm from poor financial advice and inappropriate advice ...
Allens advises China Construction Bank on Pacific Hydro acquisition financing
Allens has advised China Construction Bank Corporation, Sydney Branch on two syndicated facilities of approximately A$1 billion and US$1.7 billion to fund the acquisition of Pacific Hydro and other ...
Federal Court and ASIC shine spotlight on supervisory and risk management requirements for CAR arrangements
In its recent decision in Australian Securities and Investments Commission v Lanterne Fund Services Pty Limited [2024] FCA 353, the Federal Court highlighted the risk of breach of the general obligations of Australian financial services (AFS) licensees under the Corporations Act 2001 (Cth) (the Act) ...
It's finally here – BNPL to be incorporated into the existing consumer credit regulatory framework
In this Insight, we explain key elements of the Treasury Laws Amendment Bill 2024: Buy now, pay later (the Draft Bill) and canvass some of the issues that BNPL providers will need to consider. ...
Allens advises on financing for Edify's Koorangie Energy Storage System
Development of the 185 MW / 370 MWh KESS represents a major step towards reducing reliance on coal and gas generators to provide system strength for the Victorian grid. It is expected to increase t ...
Another year, another FFSP update: what is the status of the FFSP reforms?
In this Insight, we'll bring you up to speed on the latest updates to the FFSP regime, preparing you for what's ahead. ...
Payments regulation reform update: the Government consults on the regulation of payment service providers
The Treasury recently published a further consultation paper in connection with its proposal to introduce a new licensing framework for payments-related activities. It refines and clarifies the proposals in the previous consultation paper published in June 2023. ...
Allens advises Pacific Equity Partners on FirstCape investment
The proposed transaction sees PEP acquire a 35% stake in FirstCape, with NAB and Jarden Wealth retaining shareholdings of 45% and 20% respectively. Allens advised on all Australian law aspects of t ...
The Federal Government issues its final response to the Quality of Advice review
The Federal Government has provided its final response to the Quality of Advice review, as part of its 'Delivering Better Financial Outcomes' package of reforms. ...
Treasury consults on the retirement phase of superannuation
The government has released a discussion paper which seeks industry and community views on how the superannuation system can best provide the security and income Australians need in retirement. ...