31-40 of 446 results
Australia moves one step closer to adopting a worldwide human rights sanction regime
Australian Government enact legislation to establish a worldwide human rights sanctions regime. We report on why the Committee's recommendations have implications for your business's approach to sanctions risk management, as well as for Australia's broader sanctions framework. ...
Major FIRB reforms to commence on 1 January 2021
The Australian Government has finalised and released legislation to make major changes to Australia's foreign investment laws – commonly known as the 'FIRB regime' – with effect from 1 January 2021. This Insight summarises the key changes to the FIRB regime. ...
Australian foreign investment national security reforms – moneylending exemption survives, substantially intact
As part of the national security reforms the Government had proposed to revoke the moneylending exemption in the case of security over a 'national security business'. This would have required foreign lenders to apply to the Foreign Investment Review Board for approval or exemption before undertaking routine loan participations. ...
ACCC releases its first Digital Platform Services Inquiry Interim Report
The ACCC recently published the Digital Platform Services Inquiry Interim Report as part of its role in monitoring the impact of digital platforms on competition and consumers. The Interim Report examines the privacy / data handling, competition, consumer and small business implications related to the increasing use of online private messaging services. ...
Proposed updates to security of critical infrastructure legislation
As part of a broader strategy to strengthen the security of Australia's infrastructure, particularly cybersecurity , the Government has released exposure drafts of its Security Legislation Amendmen ...
Foreign influence – from education to enforcement
A heightened risk of foreign interference and a shift towards enforcement of the new foreign influence and interference legislation means it is now critical to consider any compliance risks your business may face. ...
Nucleus – corporate law developments: ASIC concludes stub equity consultation; FIRB amending legislation introduced; FIRB updates guidance on tax conditions; proposal to make electronic signing and virtual meetings permanent; and other corporate law developments
ASIC concludes position on use of stub equity in control transactions; ASX extends emergency class waivers and clarifies ability to ratify use of additional placement capacity; FIRB amending legislation introduced to Parliament; FIRB updates guidance on tax conditions; ACCC to examine competition in mobile apps; Fair Work Commission extends temporary COVID-19 flexibilities in 99 modern awards; Federal Government proposes to make electronic signing and virtual meetings permanent. ...
A key landmark in IBOR transition
The long-awaited ISDA IBOR Fallbacks Supplement and Protocol will be going live today with the endorsement of ASIC, the RBA and APRA. They implement new benchmark fallbacks for both future and existing derivative contracts, facilitating the efficient transition from LIBOR and other IBORs in anticipation of their discontinuation. If you have a derivatives portfolio, the Protocol allows quick and easy adoption of the new fallbacks through a one-off adherence. That said, it may not be sufficient to cover all scenarios. ...
Use of stub equity in control transactions
ASIC has released its response to the submissions on its June 2019 Consultation Paper on certain aspects of the use of stub equity in control transactions, and the news is mostly positive. ...
Incident Response Map
This Incidence Response Map provides high-level guidance on responding to an 'incident', such as possible foreign bribery, serious fraud and other breaches of laws that can have significant financial, reputational and commercial implications. ...