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Blockchain bricks and crypto cathedrals: a breakdown of the key terms
08 Mar 2022There’s a saying in improv: “Bring a brick, not a cathedral”. While improv and the wonderful world of crypto aren’t comparable, the saying is a good reminder that you don’t need to “kno
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Ban on conflicted remuneration for mortgage brokers and intermediaries – delayed but on its way
03 Aug 2020In 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. Th
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Avoiding a successful Unfair Dismissal claim – Some hints and tips
15 Dec 2020It is said that the most valuable asset of a business can be its employees. Whilst that is usually true, from time to time it becomes necessary, for the good of the business or the harmony of the wo
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Australia Provides Relief for GST Treatment of Digital Currencies
22 Nov 2017The recent changes to the law in Australia align the GST treatment of digital currency with the GST treatment of money (particularly foreign currency). However, it will be important for pu
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ASIC’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 significant detriment to con
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ASIC cracks down on financial advisers and licensees
09 Aug 2022Financial advisers and their licensees, take note! ASIC is following up on advisers who haven’t yet completed the financial adviser exam. For most advisers, the thought of the financi
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ASIC – No more Mr Nice Guy
18 Dec 2018Here’s what you can expect of ASIC after the Royal Commission and what you’ll need to do. In the wake of the Royal Commission and the criticisms of ASIC being a soft regulator, ASIC C
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As a credit licensee, can you sign the Annual Compliance Certificate?
18 Dec 2019If you are a credit licensee, you must lodge an annual compliance certificate with ASIC within 45 days of your licensing anniversary each year. Your licensing anniversary is the anniversary of the d
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Are you paying too much for your ASIC Industry Funding Levy?
04 Apr 2019ASIC has now issued levies for the 2017 – 2018 financial year. These invoices were due to be paid by 15 March 2019. Late payment penalties apply from 1 April 2019 and these are as 20% per an
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Are you ‘fit and proper’ or only of ‘good fame and character’?
30 Jun 2020In 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 Re