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Competition news
Insight 19 Sep 2018

In Touch looks at what's been happening in Competition this month and what it means for your business ...

The ESC's draft decision on first round of amendments to the Energy Retail Code
Insight 18 Sep 2018

While the Federal Government gives further consideration to implementation of the ACCCs recommendations relating to retail tariffs and retailer behaviour the Victorian Essential Services Commission has been progressing reforms proposed by the Independent Review into the Electricity and Gas Retail ...

Treasury proposes tougher penalties for corporate and financial sector misconduct
Insight 26 Sep 2018

The Federal Government has released exposure draft legislation for public consultation that if enacted will implement many of the recommendations of the ASIC Enforcement Review Taskforce to strengthen the penalty regime for corporate and financial sector misconduct Partner Simun Soljo and Lawyer ...

You asked, they listened (mostly) - Treasury's proposed revisions to the Consumer Data Right Bill
Insight 12 Oct 2018

On 24 September Treasury released for public consultation its revised version of the exposure draft legislation that will give effect to the new Consumer Data Right CDR in Australia Reflecting feedback from public consultation on the first tranche of draft legislation that was released on 15 August ...

Federal Court reverses systemic unconscionability finding against vocational education provider
Insight 02 Oct 2018

The Full Court of the Federal court of Australia has overturned a decsion of a single judge which held Unique International College had engaged in systemic unconscionable conduct with the supply of online vocational education courses to consumers in NSW. ...

Compensating superannuation members for 'fees for no advice'
Insight 16 May 2019

APRA and ASIC issued a joint letter to all RSE licensees entitled 'Oversight of fees charged to members' superannuation accounts' in early April, in response to the 'fee for no advice' issue that attracted so much attention in the Royal Commission ...

High Court decision on retention obligations provides some clarity to liquidators
Insight 14 Dec 2015

The High Court has ruled that a liquidator has no obligation to retain monies on account of tax until a notice of assessment has been issued The decision will provide much needed clarity for liquidators and other statutorily deemed trustees and agents Partners Charles Armitage and Christopher ...

New measures on resilience, collateral protection and client money
Insight 22 Dec 2015

The Government yesterday released for consultation draft legislation containing resilience and collateral protection measures Think payment systems netting and derivatives But also think superannuation trustees and life companies investing in centrally-cleared OTC derivatives - and restrictions on ...

The beginning of the end of the unit trust's monopoly? A look at common contractual funds
Insight 08 Dec 2015

The Board of Taxations report on tax arrangements applying to collective investment vehicles considers that offshore investors are dissuaded from investing in Australian funds because they do not understand unit trusts and that access to a broader range of collective investment vehicles would help ...

Withholding tax to capture exit profits
Insight 11 Dec 2015

Legislation introduced into Parliament will impose a 10 per cent non-final withholding tax on proceeds paid to foreign parties to acquire direct or indirect interests in Australian real property and mining rights from 1 July 2016 Partner Martin Fry and Lawyer David Lewis discuss the proposed law ...

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