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Essentials of common Services Agreements in Financial Service
25 Mar 2021
Alexa Bowditch
Previously a Lawyer at Holley NethercoteService agreements are common agreements in many industries, not just in the financial services industry. A service agreement is a contract made between two parties that sets out the specific…...
Read moreKeeping your AML/CTF Program up-to-date
01 Apr 2021
Naomi Fink
Special CounselOutsourcing KYC obligations If you are bound by the Australian Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation[1], (that is, you are a “reporting entity”), you must have in place policies…...
Read moreFinancial Services Compliance: Save or Spend?
06 May 2021
Zoe Higgins
Previously a Special Counsel at Holley NethercoteWhen new clients are looking to engage us for the first time, they sometimes ask us for recommendations on what our first task should be. This is obviously more likely…...
Read moreHow to write a shorter SoA: The Power of Pruning!
03 Jun 2021
Clarisse Berenger
Previously a Lawyer at Holley NethercoteOne of the general fundamentals of gardening, is that to nurture a plant, and maximise its beauty and proliferation for future seasons, is the need to skilfully prune the…...
Read moreUpdate – Recent developments in Open Banking – the Consumer Data Right
08 Jun 2021
Michael Mavromatis
PartnerPlease find our update on Open Banking below, along with details of recent developments and upcoming changes. “Open Banking” is the application of the Consumer Data Right (CDR) in the…...
Read moreRG 271 – Are you ready for the new Internal Dispute Resolution (IDR) requirements?
02 Jul 2021
Rachel Erlich
Special CounselThe Australian Securities and Investments Commission (ASIC) released Regulatory Guide 271: Internal Dispute Resolution (RG 271) on 30 July 2020. ASIC’s internal dispute resolution (IDR) reporting requirements will come…...
Read moreRSE Licensees – Changes in Financial Services Obligations for Superannuation Funds
22 Jul 2021
David Court
PartnerA number of changes to the financial services laws have taken effect in 2021 which are of particular application to trustees of superannuation funds which are not self-managed superannuation…...
Read moreLiability of a Responsible Manager – Who’s responsible when things go wrong?
06 Aug 2021
David Court
PartnerThe Responsible Manager (RM) of a licensee plays a key role under the financial services and credit licensing regimes. However, many RMs are concerned as to their responsibilities and…...
Read moreBreach reporting for credit licensees: are you ready to dob yourself in?
03 Sep 2021
Jesse Vermiglio
PartnerOctober 2021 sees the commencement of many new regulatory reforms for Australian Credit Licence (ACL) holders. One of the reforms that will have greatest impact will be the new…...
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