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Ban on conflicted remuneration for mortgage brokers and intermediaries – delayed but on its way
03 Aug 2020
Rachel Erlich
Special CounselIn February 2020, the Financial Sector Reform (Hayne Royal Commission Response – Protecting Consumers (2019 Measures) Act 2020 (Act) passed both Houses of Parliament and received Royal Assent. The Act…...
Read moreCredit licensees, lend us your ear on the new best interests obligations for the mortgage broking sector
30 Jul 2020
Zoe Higgins
Previously a Special Counsel at Holley NethercoteSince 2009, credit licensees and their representatives have grappled with responsible lending obligations. Following the passage of legislation in response to recommendations of the Royal Commission, mortgage brokers will now…...
Read moreCOVID-19 and Paying the Rent – Part 2 (the lock-down continues)
29 Jul 2020
Tim Dixon
Special CounselRead Part 1 to this blog: COVID-19 and Paying the Rent. Back in April of this year – which seems like an eternity ago – we provided some advice (in…...
Read moreBusiness Partnerships – What you should know
24 Jul 2020
Tim Dixon
Special CounselWhat is a partnership? A partnership is a business structure where two or more people enter into a relationship in order to carry on a business, with the mutual intention…...
Read moreAre you ‘fit and proper’ or only of ‘good fame and character’?
30 Jun 2020
Jesse Vermiglio
PartnerIn March 2020, the requirements for obtaining and maintaining an Australian Financial Services Licence (AFSL) were amended by the Financial Sector Reform (Hayne Royal Commission Response—Stronger Regulators (2019 Measures)) Act…...
Read moreFACT SHEET: How to set up a Money Remitter (also known as a Money Transfer Operator or Payment Services Provider) Checklist
19 Jun 2020
Naomi Fink
Special Counsel☐ Determine the characteristics of your remittance business Payment corridors and any other jurisdictions you will deal with Currencies you will exchange Customer types Whether your business offers only spot FX…...
Read moreCompliance – What is it good for?
29 May 2020
David Court
PartnerFinancial services licensees will be well aware that they are required to comply with the financial services laws and the conditions of their licence. They are also required to self-report…...
Read moreCOVID-19 and Paying the Rent
30 Apr 2020
Tim Dixon
Special CounselCan you get rent relief for your business offices? If your offices are occupied under a commercial lease and your business has been affected by the COVID-19 pandemic, the rent…...
Read moreHow will my commercial contract be affected by COVID-19?
31 Mar 2020
Naomi Fink
Special CounselWe are all aware of the impact of COVID-19 on our health system and social interactions, however it is also important to consider the effect of the pandemic on business.…...
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