1231-1240 of 2668 results
ASIC continues to prioritise compliance with financial hardship obligations
Lenders need to respond effectively to hardship notices. ASIC reviewed ten large home loan lenders to understand how they are supporting customers experiencing financial hardship. ...
Allens publishes Australia's first AI legal benchmark
The benchmark suggests that while LLMs can summarise well-understood areas of law effectively, they should not be used for dispensing Australian law advice without expert human supervision due to ...
Policymakers focus on restraint of trade clauses – 'coercive, exploitative and an unfair method of competition'
The Federal Treasury recently published an Issues Paper seeking views to inform its consideration of a potential prohibition on post-termination worker restraints of trade, no-poach and wage fixing agreements, as part of a broader review of Australian competition laws announced last year. ...
ASIC targets superannuation trustees on financial advice fees
On 9 May 2024, ASIC released its report, REP 781 Review of superannuation trustee practices protecting members from harmful advice charges, outlining findings from its review of progress by superannuation trustees in addressing risks of member harm from poor financial advice and inappropriate advice ...
The AI-generated picture becomes clearer: key legal considerations emerging for generative AI developers and their customers
With rapid developments, it is proving increasingly difficult to stay across the full range of implications for the use and regulation of generative AI tools. This Insight is intended to provide an update on the developments in generative. ...
Mandatory human rights due diligence in the mainstream – what the CS3D means for companies
The EU Corporate Sustainability Due Diligence Directive (CS3D) has been approved by the EU Council and EU Parliament and is expected to be formally adopted in coming months. The CS3D will establish a due diligence standard on sustainability issues and create potential legal liability for in-scope co ...
Allens advises AUB Group on $200m equity raising and acquisition of Pacific Indemnity
The acquisition will see AUB acquire a 70% equity stake in Pacific Indemnity Underwriting Solutions. AUB has also undertaken a fully underwritten $200 million equity raising to fund the upfront ...
Constitutional cloud cast by High Court over state taxes affecting goods: Vanderstock and the future of federal-state taxation powers
In its recent decision of Vanderstock v Victoria, the High Court has ruled by a 4:3 majority that the Victorian electric vehicle road user charge is unconstitutional. ...
Vietnam's new Land Law offers project developers more certainty and new complexities
Extensive changes to the Land Law are set to align the legal framework to acquire land more closely with practical realities, particularly for energy and infrastructure project developers. ...
Allens advises on first investments for Queensland Critical Minerals and Battery Technology Fund
The transactions are the first for the Fund, established as part of Queensland's critical minerals strategy, and involves QIC extending its investment expertise into the mining and mineral processi ...