921-930 of 981 results
FoFA Bill passed by Senate
The Governments Future of Financial Advice Bill was passed by the Senate yesterday While the Bill began its life as the so-called Streamlining Bill introduced by the Government on 19 March 2014 the Bill as passed yesterday bears very little resemblance to the Bill as originally introduced It is ...
Guarantors owed a duty of care under the Code of Banking Practice
A recent decision of the Victorian Court of Appeal has given a wide meaning to the Code of Banking Practice finding that the duty of care owed by a lender in assessing the borrowers ability to repay extends to guarantors Effectively the bank was responsible to guarantordirectors for funding their ...
Report: Green Bonds: emergence of the Australian and Asian markets
The global market for Green Bonds continues to grow steadily driven by strong investor demand and the continual need for capital to finance green projects ...
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 ...
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 ...
Anti-money laundering laws review announced
A review of Australia's anti-money laundering and counter-terrorism financing laws will determine whether Australia can and should strengthen its response to money laundering and terrorism financing. ...
Allens advises on Australian-first dementia village
Allens has provided pro bono advice to Social Ventures Australia on the financing of the ground-breaking Korongee dementia care village. The first of its kind in Australia, the village is designed ...
Allens advises on A$50m financing of WA mineral sands project
Allens has advised Image Resources on the A$50 million financing of its Boonanarring mineral sands project. Image has now met conditions precedent for drawdown in the loan note subscription ...
Green Bonds have come to town
Green Bonds have been part of the international capital markets landscape for some time and recently the World Bank announced the first A Green Bonds to be issued into the Australian debt capital market If developments in the European Green Bond market are a good indicator there is potential for ...
New EU rules raise the bar for data security
The EU General Data Protection Regulation GDPR which will apply from May 2018 includes enhanced data security requirements and obligations to notify regulators and individuals of data breaches A failure to comply with key provisions may lead to a fine of up to euro20 million or 4 per cent of global ...