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Competition news
Insight 30 May 2018

In Touch looks at what's been happening in Competition this month and what it means for your business ...

Federal Court imposes highest penalty to date
Insight 22 May 2018

The Full Federal Court has allowed the ACCCs appeal and imposed penalties of 46 million for cartel conduct on Japanese wire harness manufacturer Yazaki Corporation The penalty was increased to 46 million from 95 million on appeal and is the highest-ever penalty under the Competition and Consumer Act ...

Breach reporting by AFS licensees
Insight 15 May 2018

In the hurly burly of the Royal Commissions recent hearings concerning financial advice you may have missed some very important information about breach reporting by AFS licensees contained in the witness statement prepared by Mr Peter Kell Deputy Chair of ASIC ...

APRA proposes cross-industry framework for management of information security
Insight 03 May 2018

APRA has released for consultation its first prudential standard of information security Prudential Standard CPS 234 Information Security CPS 234 - a key response to the growing threat of cyber attacks ...

ASIC's sanctions and powers to be strengthened
Insight 23 Apr 2018

The Federal Government has announced that it proposes to strengthen ASICs powers and to increase the severity of penalties civil and criminal that can be imposed on individuals and corporations in line with the ASIC Enforcement Review Taskforces recommendations Partner Rachel Nicolson and Senior ...

Linklaters Insights: Anti-bribery and corruption law and enforcement across the globe
Insight 24 Jan 2018

Understanding the global reach of anti-bribery and corruption regulation as well as the application of it within a specific jurisdiction is key to managing risk for international businesses Our global alliance partner with input from Allens examines 24 jurisdictions across the Asia-Pacific Europe ...

Linklaters Insights: Business Crime Quarterly
Insight 19 Jan 2018

In the Business Crime Quarterly Autumn 2017 edition our global alliance partner Linklaters examined the extent to which international regulators and prosecutors are increasingly working together to tackle economic crime We contributed summaries on the recently published judgment in the Tabcorp civil ...

Financial products - design and distribution obligations and product intervention powers
Insight 22 Dec 2017

After a considerable gestation period the proposed new design and distribution obligations for financial products, and intervention powers for ASIC, took their first, tentative steps yesterday, with the release of exposure draft legislation. ...

Proposed Foreign Influence Transparency Scheme to shine light on foreign interests lobbying
Insight 20 Dec 2017

The Federal Government has introduced into Parliament legislation that if passed will create the Foreign Influence Transparency Scheme which will require persons and entities who have arrangements with or undertake activities for foreign principals to meet certain registration obligations The scheme ...

Strengthening member outcomes in superannuation - APRA's proposals
Insight 15 Dec 2017

APRA this week released a discussion paper and draft prudential standards and practice guides. This Insight considers the significant changes it will lead to across the industry. ...

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