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Latest word on competing class actions
Insight 24 May 2019

In the latest instalment in the five competing shareholder class actions against AMP Limited, the Supreme Court of New South Wales has selected one case to proceed. In doing so, the court has made a clear statement that multiple class ...

APRA's guidance on the Protecting Your Super changes
Insight 16 May 2019

Written by Senior Regulatory Counsel Michael Mathieson On 8 May, APRA released its answers to some 'frequently asked questions' about the Protecting Your Super changes. I would politely suggest that the questions asked and answered by APRA ...

Compensating superannuation members for 'fees for no advice'
Insight 16 May 2019

Written by Partner Michelle Levy APRA and ASIC issued a joint letter to all RSE licensees entitled ' Oversight of fees charged to members' superannuation accounts ' in early April. The letter is in ...

GSK-Pfizer consumer health care deal found to be painless; ACCC milks competition in dairy industry; and ACCC inquiries and investigations feature in election policies.
Insight 15 May 2019

ACCC intolerant to lactose products RPM notification The ACCC has published a draft notice proposing to revoke a resale price maintenance (RPM) notification by Meredith Dairy. Under the Competition and Consumer Act 2010 (Cth), a wholesale ...

Disputes as to the validity of an agreement - a matter for arbitration or the courts?
Insight 13 May 2019

A recent decision of the High Court confirms the scope of arbitration clauses that refer disputes 'under' a deed or agreement can be broad enough to capture disputes about the validity of the agreement.  Key takeaways The High Court has ...

New Decree on labour outsourcing services
Insight 13 May 2019

Taking effect from 5 May 2019, Decree 29/2019/ND-CP (Decree 29) on labour outsourcing services has been introduced, replacing Decree 55/2013/ND-CP (Decree 55). Key changes include a relaxation of licence application conditions, but also ...

ASIC's 'why not litigate?' stance, ASX's Corporate Governance Roadshow and other developments
Insight 09 May 2019

ASIC ramps up enforcement under its 'why not litigate?' stance; ASX announces its Corporate Governance Roadshow; the ACCC blocks the proposed Vodafone/TPG merger; and an increased focus on complian ...

Accelerating build-to-rent in Australia
Insight 08 May 2019

The build-to-rent model continues to gain pace in Australia as several projects prove the local viability of this asset class. Building on this momentum requires developers and institutional investors to develop a keen understanding of the intricacies of this emerging asset class. ...

Australians scammed out of millions; Australian 4WD Hire driven to court by the ACCC for ACL breaches; and Viagogo misleads consumers when reselling tickets for live events.
Insight 02 May 2019

Australians scammed out of millions The ACCC released its report on the types of scams Australians reported falling victim to in 2018. Investment scams swindled AU$86 million from Australians, with men the most common victims. Women, by ...

Report: National Electricity & Gas Rules Update: April 2019
Insight 01 May 2019

In this update we summarise the progress of new and existing rule change requests across the month of April and take a closer look at the new Default Market Offer (New South Wales, South Australia and South-Eastern Queensland) and ...