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ASIC announces fintech licensing exemptions
Insight 19 Dec 2016

As part of its implementation of the regulatory sandbox for fintech companies ASIC is providing relief for certain fintech businesses from the obligation to hold an Australian financial services or Australian credit licence Relief may be available for up to 12 months and may be useful to businesses ...

Crowd sourced equity funding to gain traction with new legislation
Insight 23 Mar 2017

After a difficult journey both Houses have passed the Corporations Amendment Crowd-sourced Funding Bill 2016 - introducing a new funding avenue for Australian startups and an opportunity for retail investors to access equity in emerging companies ...

Employment & Safety
Insight 08 May 2017

In this issue we look at how post-employment restraints can be unenforceable if a company does not comply with the employment contract itself a decision of the Federal Court that confirms an employee who is on long-term sick leave must continue to have regular contact with their employer and a ...

'Bordering on impossible' that husband and wife duo were independent contractors
Insight 01 Nov 2017

The Federal Court decided that a husband and wife who worked from home and sometimes outsourced their work were employees instead of independent contractors, making the employer guilty of sham contracting, underpayments and other breaches. ...

Employment & Safety
Insight 04 Sep 2017

In this issue we look at the Fair Work Commissions support for unpaid domestic violence leave and casual conversion clauses an unfair dismissal following a breach of a zero tolerance drug and alcohol policy proposed WHS amendments in Queensland and another enterprise agreement is terminated ...

Pseudo-investments and mobile apps - a new frontier for regulators
Insight 04 Oct 2017

It is hardly surprising that the Australian Securities and Investments Commission ASIC has taken an interest in the mobile app market given that there has been an aggressive expansion into the mobile space by financial services providers ASIC has recently cracked down on web and mobile based OTC ...

New APRA prudential standard raises bar for information security obligations and incident notification requirements
Insight 15 Nov 2018

As companies and regulators across the world grapple with ever-increasing cyber security threats, Australia's financial services regulator, APRA, has released the final form of a new prudential standard, which imposes heigtened security obligations for APRA-regulated entities ...

The Foreign Influence Transparency Scheme - from Bill to Law
Insight 10 Sep 2018

The Federal Government recently passed the Foreign Influence Transparency Scheme Act This is an entirely new regulatory scheme that will require persons who undertake activities on behalf of a foreign government or political organisation to register with the Attorney Generals Department if those ...

Confidentiality lost in court – restraining an independent contractor
Insight 05 Sep 2018

An independent contractor kept and used a client list, but the New South Wales Court of Appeal decided the list had lost its confidentiality because it had been disclosed in court. ...

The Workpac decision – are your casuals really casual?
Insight 05 Sep 2018

The Full Federal Court in WorkPac Pty Ltd v Skene [2018] recently decided that a casual fly-in fly-out labour hire worker was not really a casual and was therefore entitled to annual leave. ...

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