1551-1560 of 2699 results
Act fast, act well: Federal Court decision reinforces the importance of robust compliance programs for banks and other financial services licensees
Chief Justice Allsop of the Federal Court recently imposed on a bank, by consent of ASIC and the bank, civil penalties totalling $10 million for unconscionable conduct in carrying out an inadequate customer remediation process. It highlights the importance of banks and other financial services licensees having in place robust compliance programs and taking prompt and comprehensive action where possible non-compliance is identified. ...
ASIC's Corporate Plan 2020-2024
ASIC's Corporate Plan sets out its strategic priorities and actions for the next four years, especially its approach to its supervisory, surveillance and enforcement functions, and how each of those may have been impacted by the COVID-19 pandemic. ...
Redundancy unfair after employer fails to consult
The Fair Work Commission (the FWC) has found a failure to consult meant an employee who was made redundant missed out on receiving the JobKeeper wage subsidy, which could have kept her working for longer. Her dismissal was therefore unfair. ...
The ALRC recommendations on criminal responsibility and transnational offending – a sign of things to come?
The ALRC Report contains a comprehensive review of federal criminal laws and how they apply to companies. It also indicates that federal criminal law may have a role to play in the regulation of human rights impacts arising in the context of international operations of Australian corporations. ...
In Touch: Full Federal Court says environmental claims on packaging not misleading representations; ACCC publishes first report on airline competition; more authorisations in response to COVID-19; and other developments
Full Federal Court says environmental claims on packaging not misleading representations; ACCC publishes first report on airline competition; more authorisations in response to COVID-19; and other developments ...
Superannuation trustees and 'efficiently, honestly and fairly'
The Federal Court has made declarations that two superannuation fund trustees contravened ss912A(1)(a) (efficient, honest and fair obligation) and 1041H (misleading or deceptive conduct) of the Corporations Act, and s12DA (misleading or deceptive conduct) of the ASIC Act. ...
Targeting net zero: five steps for stronger climate governance, disclosure and compliance
The last few years have seen a dramatic expansion of governance and disclosure expectations in relation to climate change risks. Publicly listed companies need to establish robust governance and disclosure frameworks, and ensure those frameworks are supported by effective implementation and review ...
Reasonableness of Prosegur's JobKeeper directions
A Full Bench of the Fair Work Commission (FWC) found it was not reasonable for security and cash management company Prosegur to offer 25 weekly hours to full-time, part-time and casual employees as a JobKeeper enabling direction. ...
In Touch: COVID-19 cooperation to continue; international regulators team up on investigations; charity claims under the lens; and other developments
Continued coordination in response to the COVID-19 pandemic; int'l agreement for regulators to cooperate on cross-border investigations; Oscar Wylee penalised $3.5m; Pfizer's Upjohn merger cleared with Mylan; ACCC examines competition in mobile apps market; and new Energy Tech Consumer Code ...
Investing via convertible debt instruments in Vietnam
We look at the pros and cons of convertible debt instruments compared to traditional equity investment in Vietnam, the availability of these instruments to foreign investors and a comparison between convertible loan and convertible bond. ...