211-220 of 951 results
Privacy Act reforms: a new Online Privacy Code
In late October, the Attorney-General's Department released a long-awaited Exposure Draft of the Privacy Legislation Amendment (Enhancing Online Privacy and Other Measures) Bill (Online Privacy Bill) to amend the Privacy Act 1988 (Privacy Act). ...
Australian Senate report proposes new corporate entity in model to regulate the crypto economy
The Senate Select Committee on Australia as a Technology and Financial Centre has released a report (the Report) which makes 12 recommendations largely focused on the 'digital asset/crypto' economy. ...
October compliance deadlines: rounding up the last-minute changes
October marks the commencement of the design and distribution obligations (DDO) regime, the deferred sales model for add-on insurance (DSM), changes to the anti-hawking rules, refreshed standards for internal dispute resolution systems and, to top it all off, a new breach reporting regime. ...
ASIC publishes updated guidance on hawking reforms
Under the new hawking prohibition in sections 992A and 992AA of the Corporations Act 2001 (Cth) (Corporations Act), a person must not offer a financial product to a retail client (consumer) in the course of, or because of unsolicited, real-time contact. ...
Financing sustainability – a guide to green and sustainable finance in Australia
One of the most significant developments in the loan markets over the past year or so has been the rapid increase in the use of green and sustainable financing products. These include sustainability-linked loans, green loans, social loans ...
Captive to no one: Australian Government releases its Ransomware Action Plan
The Department for Home Affairs has released the Australian Government's Ransomware Action Plan (the Plan). This development forms part of the Government's Cyber Strategy and is the latest in a series of actions taken by the Government to combat the escalating threat of ransomware and extortion. ...
APRA releases the final version of Prudential Standard CPS 511 (Remuneration) with further regulation of remuneration disclosures to follow
APRA has released the final version of its prudential standard on remuneration (CPS 511), seeking to regulate incentive structures across all APRA-regulated entities. ...
Retirement income covenant – one step closer to reality
The proposal for a specific covenant requiring super trustees to formulate, and give effect to, a retirement income strategy for members was first announced as part of the 2018-19 Federal Budget, and slated to be introduced into the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act) by 1 July 2020. ...
Is Australia's merger control regime really broken and is such significant change required?
ACCC Chair Rod Sims has outlined for debate the ACCC's proposals to overhaul Australia's merger control regime. We are not convinced the system is broken. We consider that the ACCC's proposals are an over-correction to address a problem that has not been demonstrated to exist. ...
ACCC's proposals to overhaul Australia's merger control regime
Merger reform has been on the agenda in Australia for some time, but the ACCC's announcement kicks off the debate in earnest. Allens will be monitoring these discussions and actively participating in the debate about the need for, and content of, any proposed changes. ...