Search Result
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Are changes coming to the wholesale client eligibility rules?
01 Feb 2022In a previous article we looked at various regulatory issues and concerns which have arisen with the current legal definitions of wholesale and retail clients under the Corporations Act 2001 (the "A
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APRA regulatory reporting for general insurance providers
17 Oct 2019Are you an AFSL holder and authorised to deal in general insurance? If so, you should be aware of your obligations to provide data to APRA every six months by lodging a Form 701. What is a Form 701?
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Anybody home? The importance of checking whether your corporate clients have been deregistered
17 Oct 2023There is no express obligation for a financial services provider to monitor its client lists for deregistered companies. However, the recent case of ASIC v Westpac [2022] FCA 515 has demon
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All 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 some of the legal issues
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AFCA: A fair worry
08 Oct 2019When I was in my second or third year of law school, I remember having to read some EDR scheme decisions to answer the following question: “What role do considerations of fairness play in the EDR de
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AFCA receives its first report card
02 Mar 2022The Australian Financial Complaints Authority (“AFCA”) has received its first report card since it commenced operations on 1 November 2018. The legislation establishing AFCA required the Minist
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AFCA – so what is fair?
20 May 2020As I write this in May 2020, we are facing difficult times. We are grappling with a global pandemic caused by COVID-19. And, as we experienced during the global financial crisis, complaints appear
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A new AFS licensing regime for Foreign Financial Service Providers
31 Mar 2020Foreign financial service providers will be subject to a new regulatory regime from 1 April 2020, which will require a number of previously exempt foreign financial service providers (FFSPs) to hold a
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5 things to know about the FASEA Code of Conduct
28 Feb 2020Those of you caught-up in the wonderful world of FASEA have likely spent more time than you care to count deliberating with colleagues, reading about and considering the impact of the FASEA Code of Et
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5 Frequently asked Questions about Setting up a Cryptocurrency Exchange in Australia
01 Jun 2021Are you thinking of setting up a crypto exchange? Given the number of enquiries we receive on this particular question, we thought it would be useful to set out some key points for you to th