171-180 of 1046 results
Security of payment: navigating state-level differences in insolvent contractors' rights
Comparing approaches to contractor insolvency and payment claims across jurisdictions ...
Breach reporting
In this Insight, we provide an overview of the Regulatory Guidance 78: Breach reporting by AFS licensees and credit licensees (RG 78) updates, and discuss some of the issues ASIC has left on the table for round two. ...
Financial products - design and distribution obligations and product intervention powers
After a considerable gestation period the proposed new design and distribution obligations for financial products, and intervention powers for ASIC, took their first, tentative steps yesterday, with the release of exposure draft legislation. ...
Round 6: Insurance
The sixth round of public hearings considered issues associated with the sale and design of life insurance and general insurance products, the handling of claims under life insurance and general insurance policies, and the administration of life insurance by superannuation trustees. ...
ASIC report on life insurance in superannuation
ASIC report on life insurance in superannuation and actions for superannuation trustees. In this Insight, we highlight further action superannuation trustees should be taking as identified in the Report against the backdrop of their regulatory obligations. ...
Laundy v Dyco – 'carrying on a business' when the law changes suddenly
The High Court, in recently considering the construction of a contract for the sale of the property and assets of a hotel business affected by the COVID-19 pandemic. We explain this important decision and its implications. ...
DDO conditional relief: facilitating the reissue of life insurance policies
In a welcome move for life insurers reissuing or reinstating certain life policies, ASIC has registered the ASIC Corporations Instrument 2023/183. In this Insight, we provide a brief overview of the purpose of the Instrument and the relief granted by ASIC. ...
Security of payment: contractor insolvency and debt recovery in NSW
The recently introduced section 32B of the Building and Construction Industry Security of Payment Act 1999 (NSW) (the Act) prevents companies in liquidation from either serving or taking action to enforce a payment claim made under the Act. ...
Recovery and exit planning – new requirements for APRA-regulated entities
APRA has released Prudential Standard CPS 190: Recovery and exit planning (CPS 190), which aims to ensure that all APRA-regulated entities are prepared for scenarios that may impact the financial viability of their business. In this Insight, we provide an overview of the new requirements in CPS 190. ...
Allens advises on $350M Morphettville Racecourse redevelopment
Part of a competitive bid process, the developers and SAJC will redevelop the 10-acre, rezoned site into a mixed use precinct comprising residential, retail, hospitality and commercial. 'We ...