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New Breach Reporting Regime: as simple as assembling a springless trampoline
08 Dec 2020After browsing the recently-tabled 153-page Financial Sector Reform Bill, I was struck by the irony of Hayne’s comments in his Interim Report: Should the existing law be administered or enforced…...
Read moreASIC’s Product Intervention Power – How does it work?
01 Dec 2020Since 6 April 2019, ASIC has had the power to proactively intervene in relation to a financial or credit product (“product”) or class of products to reduce the risk of…...
Read moreThe Dangers of Ignoring Client Vulnerability
05 Nov 2020Chances are, you’re reading this article on an electronic device. You may have used the same device to video-chat with others, message your team and create or send documents…...
Read moreAll Over – the Business impact after COVID-19
21 Oct 2020We are all ‘over COVID’, but are we ‘all over’ the business law issues likely to arise when COVID-19 is all over? Our objective with Commercial Corner is to address…...
Read moreI Want to Buy an AFSL
12 Oct 2020“Do you have an AFSL that we can buy?” This is a regular query that we receive which results in a lengthy response. Buying an Australian Financial Services Licence…...
Read moreWe all know “fair’s fair”; but what is fair?
05 Oct 2020It is a legitimate question; and an important one if you are in the financial services sector. The Macquarie dictionary relevantly defines it as “free from bias, dishonesty, or injustice”…...
Read moreDoes your Organisation have a strong enough “Customer Voice”?
30 Sep 2020You’ve no doubt heard it on multiple occasions, we live in extraordinary times. Like so many other industries, the COVID-19 pandemic has brought significant challenges for financial services businesses. This…...
Read moreResponsible Lending Obligations to be Scrapped!
25 Sep 2020The Government has this morning announced major reforms to the National Consumer Credit regime including the scrapping of Responsible Lending Obligations (RLOs). Below is short summary of the key…...
Read moreShareholder Essentials for Private Companies: The Importance of a Robust Shareholder Agreement
24 Sep 2020If you’re setting up a business, or you have set up a business, you most likely will or have, set up a proprietary limited (Pty Ltd) company or private company. …...
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