3371-3380 of 4461 results
First civil penalty order for breach of FOFA duties
The Federal Court recently imposed a 1 million civil penalty on a licensee for breaches by its representatives of the best interests and appropriate advice duties The penalties were the same amount that was agreed between ASIC and the licensee The decision is a reminder to financial services ...
The BEAR has dropped, where to from here?
The commencement date of the BEAR legislation is fast approaching and institutions should start planning how to comply with the regime We look at the changes made to the BEAR legislation following industry submissions the timing for implementation and key steps to take ...
Updated guidance on conflicted remuneration and other banned benefits
Earlier today ASIC released an updated version of Regulatory Guide 246 concerning conflicted remuneration and other banned benefits such as volume-based shelf-space fees The changes are largely to address the life insurance remuneration reforms which take effect on 1 January 2018 But there are other ...
Linklaters Insights: Corporate Update
In the latest edition of UK Corporate Update our global alliance partner Linklaters examines the recent key issues in corporate governance and company law including whether companies are using buybacks to inflate executive pay recent court cases of interest and the progress of corporate governance ...
Personal advice and the best interests duty
There has been a great deal of attention given to the meanings of financial product advice and personal advice in the Corporations Act and many of us are eagerly waiting to see what Justice Gleeson will say about the topic in the case ASIC has brought against the BT trustees. ...
CCIVs: Lost in translation?
The long-awaited Exposure Draft containing the tax treatment of the proposed new corporate collective investment vehicle has been released for consultation. ...
Clarity on what constitutes a misleading consumer guarantee representation
A recent Full Federal Court decision has provided welcome clarity on what constitutes a misleading consumer guarantee representation. ...
Environment Protection Amendment Bill 2018 becomes law, in a root and branch overhaul of Victoria's environmental law
The Environment Protection Amendment Act 2018 has passed the Victorian Parliament The Act is an ambitious overhaul of Victorian environmental law and plants the seeds for a robust new environmental regime ...
Accelerating build-to-rent in Australia
The build-to-rent (BTR) model continues to gain pace in Australia as several projects prove the local viability of this asset class. ...
Linklaters Insights: China releases highly anticipated provisional Panda bond guidelines
The Peoples Bank of China and the Ministry of Finance have recently released the highly anticipated preliminary Panda bond guidelines which took effect immediately According to the PBOC the aggregate value of Panda bonds issued in Chinas Interbank Bond Market from 2005 to August 2018 is RMB17816 ...