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Government response to class action inquiries
Insight 25 Oct 2021

Last week, the Federal Government published its long-awaited response to the ALRC and Parliamentary Joint Committee on Corporations and Financial Services Report's inquiries into class actions. ...

Class Action Risk: Interim update
Insight 19 Oct 2021

2021 has been an unusual year in many respects and class actions have not been immune from both the pressures and distractions of COVID-19, and other challenges not linked to the pandemic. With nine months of the year behind us, a reasonably clear picture of class action activity is starting to take ...

Captive to no one: Australian Government releases its Ransomware Action Plan
Insight 18 Oct 2021

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
Insight 28 Sep 2021

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
Insight 28 Sep 2021

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. ...

The first word on group costs orders in class actions
Insight 15 Sep 2021

The Supreme Court of Victoria has provided significant first guidance on the operation of its new group costs order regime for class actions. ...

High Court defamation decision means businesses could be responsible for comments posted on their social media pages
Insight 15 Sep 2021

In proceedings relating to alleged defamation of Dylan Voller, the High Court has confirmed that the administrators of public social media pages are 'publishers' of comments posted by third parties and members of the public on their page, for the purposes of defamation law. ...

Consultation period has closed for draft FAR Bill
Insight 31 Aug 2021

On 13 August 2021, consultation closed on the various documents issued by Treasury in relation to the much anticipated Financial Accountability Regime (FAR). ...

Get ready for the IDR changes
Insight 31 Aug 2021

With the implementation date of the internal dispute resolution (IDR) changes imminent, many of you will have commenced (or, in some cases, already completed) updating internal complaints procedures to comply with ASIC's new standards and requirements for IDR systems. ...

Will new continuous disclosure laws limit shareholder class actions?
Insight 19 Aug 2021

Following a period of temporary reform, Australia's continuous disclosure regime has been permanently amended in an effort to combat the upward trend of opportunistic shareholder class actions and to put downward pressure on premiums for directors and officers insurance ...

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