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Road map to anti-money laundering and counter-terrorism financing reform
Insight 04 Nov 2016

The Federal Attorney-Generals Department has released its draft Project Plan for the implementation of the wide-ranging recommendations arising from the recent statutory review of Australias anti-money laundering and counter-terrorism financing regime Partner Peter Haig Associate Andrew Shetliffe ...

Worth the wait? Release of draft mandatory data breach notification laws
Insight 25 Oct 2016

Following a period of industry consultation the Federal Government has introduced updated legislation that will introduce a mandatory data breach notification scheme The new Bill will amend the Privacy Act 1988 Cth when it comes into force and will apply to all Australian companies currently subject ...

Supreme Court of WA sends EPC contractor back to arbitration
Insight 13 Jul 2016

In Samsung CT Corporation v Duro Felbuera Australia Pty Ltd the WASC had to carefully consider the role that Australian courts play when there is a dispute over the existence and scope of an arbitration agreement ...

New wind farm planning code and guideline for Queensland
Insight 19 Jul 2016

The Queensland Government has announced a new wind farm planning code that shifts the responsibility for assessing wind farm developments from local governments to the State Government and provides a consistent approach to assessing wind farms across the State Partner Bill McCredie Associate David ...

Financial advice and fees - ASIC reports
Insight 27 Oct 2016

ASIC released its report Financial advice Fees for no service today It says that there has been a systemic failure by advice licensees within some of the major banks and AMP to provide ongoing advice in return for ongoing fees The report relates chiefly to arrangements between licensees and clients ...

Life insurance, conflicted remuneration and commissions
Insight 03 Nov 2016

The Bill to amend the conflicted remuneration provisions in the Corporations Act for life insurance has been introduced into Parliament a second time and draft regulations have been released for comment However we struggle to know how to describe them because the changes seem to have conflicting ...

All but one: Federal Government issues response to FSI report
Insight 20 Oct 2015

The Federal Government today released its long-awaited response to the Financial System Inquiry The Government says it has accepted all but one of the Inquirys 44 recommendations released late last year And this is broadly true with the only substantial recommendation to be rejected being the ...

Decision confirms limits on general meeting shareholder activism
Insight 03 Aug 2015

A recent Federal Court of Australia decision has reaffirmed that a companys board of directors has the primary role in managing a company and that there are limits on shareholders legal ability to control that management Partner and Co-Leader of Allens Head Office Governance team Greg Bosmans and ...

Next phase for onshore oil and gas regulatory reform in the Northern Territory
Insight 07 Sep 2015

The Northern Territory Government has released its Guiding Principles for the onshore oil and gas industry that set out the minimum expectations for the industry until a comprehensive regulatory review is completed Operators and investors in the sector should review the compliance of their current ...

Ashley Madison - litigation risks exposed
Insight 15 Sep 2015

The recent hacking of website AshleyMadisoncom has exposed the websites parent companies to lawsuits in the US and Canada and has attracted the attention of the Australian Privacy Commissioner ...

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