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Federal Court finds cyber risk management is a critical obligation for financial services firms
Insight 06 May 2022

The Federal Court handed down its judgment in proceedings brought by ASIC against RI Advice on 5 May 20221. It found that, as result of its failure to manage cyber security risks and cyber resilience, RI Advice breached its obligations to do all things necessary to ensure that the financial services covered by the licence were provided efficiently and fairly, and to have adequate risk management systems in place. ...

National Electricity and Gas rules update: April 2022
Insight 11 May 2022

In our latest update, we examine the progress of new and existing rule change requests to the AEMC across the month of April, as well as take a closer look at the AEMC's draft determination to improve consultation in the NER and NGR. ...

What the wide-ranging sanctions on Russia mean for your organisation
Insight 19 May 2022

The Australian Government, introduced a wave of new trade and financial sanctions measures against Russia in response to the situation in Ukraine. This is the first time in living memory that a major economy has been subject to such wide-ranging sanctions, with implications for a range of industries. ...

Transporting hydrogen via existing gas pipelines potentially a step closer
Insight 16 May 2022

Since our last update on 18 October 2021, significant progress has been made in the ongoing review of the National Gas Regulatory Framework. The latest proposed amendments open the door for renewable generated gases to be transported and sold using existing pipeline infrastructure. ...

In Touch: ACCC Chair calls for collaboration among regulators across the globe; and other developments
Insight 19 May 2022

The ACCC moo-ving to enforce compliance with the Dairy Code On 9 May, the ACCC updated its guidance for the Dairy Code of Conduct ahead of the new dairy season and the upcoming 1 June deadline for ...

Don’t panic! (Almost) everything you need to know about cyber risks, resilience and responsibilities
Insight 02 May 2022

Organisations today are both blessed and cursed with extraordinary amounts of data. The responsibility for information security and data governance starts and ends with the board and senior management. We offer a handbook to help navigate duties and liabilities and a checklist of questions directors should be asking. ...

Major new reforms remove roadblocks to startups attracting and retaining talent through an employee share scheme
Insight 02 May 2022

We have summarised below some of the key features of the new legislation and the associated benefits for eligible startups and other proprietary companies. ...

Allens advises TPG on towers sale
News 10 May 2022

Under the transaction, OMERS will acquire 1,237 tower assets including 428 towers and 809 rooftop sites, representing approximately 21 per cent of TPG Telecom’s total mobile network footprint. 'We ...

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