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Directors duties of a responsibility entity
05 Sep 2019Need a hand with understanding your duties as director of a responsible entity? Check out this case that made it all the way to the High Court. The case In the case, a responsible entity amended a s
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Design and Distribution Obligations – deferred but not forgotten. What do you need to do to prepare for the DDO regime?
23 Dec 2023The design and distribution obligations (DDO) may have been deferred for six months, but they’re not going away. Product issuers and distributors still need to prepare for the commencement of thi
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Data breaches are big news, but don’t forget the privacy basics
20 Dec 2019From February 2018 onward, the notifiable data breaches (NDB) regime introduced new obligations for Australian government agencies and private sector organisations that were already subject to the Pri
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Data Breach Reporting – What you need to know as a Licensee
19 Mar 2020Australian Financial Services and Australian Credit Licensees are subject to data breach reporting requirements contained in the Privacy Act 1988 (“data breach law”). The law imposes a reportin
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Currently trending: Interim stop orders – ASIC’s focus on design and distribution
07 Jul 2023When we think of trending, we think of what’s popular on Twitter or TikTok, and these trends generally don’t last longer than a couple of days to a week. When it comes to what’s “tr
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Current ASIC trends in AFSL and ACL applications and variations
05 Jul 2019Some of you reading may already hold a licence issued by ASIC, be it an AFSL, an ACL or both. If you’re not looking to set up a new business or expand your current business activities, you may wonde
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Cryptocurrency Exchanges must now fully comply with the Anti-Money Laundering and Counter-Terrorism Laws in Australia
04 Oct 2018If you are operating a cryptocurrency/digital currency exchange (DCE) which exchanges fiat (Australian or foreign currency) for digital currency and/or vice versa, you would be aware that fr
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Crypto regulation on the horizon: Treasury’s new consultation paper on crypto asset secondary service providers
27 Apr 2022Last month, Treasury released a Consultation Paper outlining the Government’s proposed approach to regulating crypto assets. The Consultation Paper sets out options for a licensing and regulatory
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Credit licensees, lend us your ear on the new best interests obligations for the mortgage broking sector
30 Jul 2020Since 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
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COVID-19 and Paying the Rent – Part 2 (the lock-down continues)
29 Jul 2020Read 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 an online webinar) for businesses occupying t