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Corporate law developments
Welcome to our monthly snapshot of regulatory updates and other developments in corporate law We know you are busy so our focus is on capturing key issues ...
Competition news
In Touch looks at what's been happening in Competition this month and what it means for your business ...
ASIC extends by a further year licensing relief for foreign financial service providers
The recent ASIC Corporations Amendment Instrument 2018807 extends by a further year licensing relief for foreign financial service providers who carry on a financial services business in Australia without an Australian financial services licence While its another welcome licensing reprieve for such ...
Victoria's 'general environmental duty': What is it, and what can I do about it?
The recently passed Environment Protection Amendment Act 2018 will transform Victorias environmental protection law including by imposing a general duty on all Victorian industry and community members to prevent and minimise environmental harm ...
Federal Court reverses systemic unconscionability finding against vocational education provider
The Full Court of the Federal court of Australia has overturned a decsion of a single judge which held Unique International College had engaged in systemic unconscionable conduct with the supply of online vocational education courses to consumers in NSW. ...
Royal Commission: Round 3 - experiences with SME lending
The third round of the Royal Commissions hearings concerned lending practices to small and medium enterprises SMEs The hearings considered a range of case studies ...
A development from the English Court of Appeal regarding legal professional privilege in internal investigations
In a recent judgment the English Court of Appeal reversed a controversial High Court decision that had severely limited the application of legal professional privilege in internal investigations under English law The decision has consequences for Australian corporates conducting cross-border ...
Royal Commission: Round 4 - experiences with financial service entities in regional and remote communities
In the Interim Report the Commissioner identifies four principal issues relating to agricultural lending ...
Royal Commission: Round 2 - experiences with financial advice
Although the Commissioner says that the Royal Commission is part of the executive and not the judiciary and that he is therefore not able to make any findings of law he comes pretty close in his views in response to Round 2 And in some important respects those views do not correspond with ...
Royal Commission: Round 1 - experiences with consumer lending practices
In examining the topic of consumer lending the Commission considered issues arising from the sale of credit products ndash including residential mortgages car finance and credit cards - by reference to case studies involving the four major banks as well as Aussie Home Loans and Citi ...