21-30 of 191 results

AFCA's powers and obligations - 'systemic issues'
Insight 13 Nov 2018

In his Interim Report Commissioner Hayne rejected claims that misconduct in the financial services sector was the fault of a few bad apples and did not raise broader or systemic concerns Commissioner Haynes comments made me think about AFCA and what it can do and must do about systemic issues ...

Third tranche of draft CCIV legislation released
Insight 18 Oct 2018

Draft legislation intended to address some of the continuing gaps in the proposed corporate collective investment vehicle framework has been released with submissions on it closing soon Partner Marc Kemp and Associate Mai Go report ...

Slater & Gordon begins its superannuation class actions
Insight 11 Oct 2018

In our article on competing class actions dated 20 August 2018 we made the fairly obvious observation that the Royal Commission would inevitably prove to be a hot bed for class actions And in years to come we will undoubtedly look back on the Royal Commission as a watershed moment in class action ...

Efficiently, honestly and fairly - overarching and fundamental obligations?
Insight 11 Oct 2018

In his recent Interim Report into Misconduct in the Banking Superannuation and Financial Services Industry Commissioner Hayne makes a lot of the duties of an Australian financial services licensee and an Australian credit licensee to provide financial services or credit activities as the case may be ...

ASIC extends by a further year licensing relief for foreign financial service providers
Insight 03 Oct 2018

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 ...

Royal Commission: Round 2 - experiences with financial advice
Insight 02 Oct 2018

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 ...

Are CCIVS the beginning of the end for the Unit Trust's monopoly?
Insight 19 Sep 2018

Avid or even occasional readers of Unravelled over the past few years cannot have failed to notice the Federal Governments proposal to introduce two new forms of collective investment vehicle - each a shiny tax-neutral alternative to the unit trust which and note the heavy dose of self-interest here ...

Expert review into fees and costs disclosure - further changes ahead
Insight 20 Aug 2018

Many of you will be familiar with the long and tortured history of fees and costs disclosure regulation in Australia. The most recent set of issues can be traced back to 2014 when ASIC tried to address what it considered to be gaps in and inconsistent application of the former regime ...

Corporate law developments
Insight 08 Aug 2018

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 ...

Report: An update on our predictions for the year ahead across the private equity market
Insight 25 Jul 2018

The first half of 2018 has seen a flurry of public-to-private activity that should continue to keep dealmakers busy for the remainder of the calendar year However the mountain of dry powder competing for limited quality investment opportunities remains an issue that has prompted a diversification in ...