1451-1460 of 2650 results
Latest constitutional challenge to notional GST fails
Two recent decisions - Hornsby Shire Council v Commonwealth; and Landcom v Commissioner of Taxation - have rejected constitutional challenges to the notional goods and services tax (GST) voluntarily paid by the Commonwealth, states, local councils and statutory authorities. ...
Setting a new standard: a guide to APRA's operational risk management reforms
Given the tight timeframes proposed, APRA regulated entities should begin to review their operational risk management processes and arrangements against draft CPS 230 – see our practical implementation guide here. ...
Part 1 – Detailed Analysis of CPS 230 and comparison with existing standards
Operational risk has been a headline issue in the superannuation, insurance and banking industries over recent years, so it is no surprise to see APRA sharpening its focus on operational resilience with the release of a new draft prudential standard, CPS 230. In this Insight we provide an overview of CPS 230 and what it will mean for you. ...
End in sight for FFSP transitional arrangements
In exciting news for foreign financial service providers (FFSPs), the Australian Government has announced new proposals to reform the foreign financial services licensing regime following a lengthy period of uncertainty and ongoing transitional arrangements. ...
Allens advises ZIMMERMANN on sale of majority shareholding to Advent International
Under the terms of the acquisition, Advent will acquire a majority shareholding in ZIMMERMANN from Style Capital, who together with the Zimmermann family, will retain a significant minority ...
ASIC spotlight on compliance with client money rules in superannuation
ASIC has recommended all superannuation trustees should review their compliance with s1017E of the Corporations Act after a thematic review found widespread 'deficiencies'. ...
Major new reforms remove roadblocks to startups attracting and retaining talent through an employee share scheme
We have summarised below some of the key features of the new legislation and the associated benefits for eligible startups and other proprietary companies. ...
Antibody patent protection in Australia
Many of the top selling drugs in Australia are antibodies, all part of a global market estimated to reach US$140 billion this year. Recently, the US FDA (Food and Drug Administration) approved the fir ...
First FWC decision in its new 'stop sexual-harassment' jurisdiction
The Fair Work Commission (FWC) has issued its first decision in the anti-sexual-harassment jurisdiction that was introduced last year. The FWC dismissed the application after finding that the parties no longer worked in the same location and there was therefore no risk of interaction that could give ...