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Competition news
Insight 21 Dec 2015

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

Life insurance advice remuneration legislation released
Insight 04 Dec 2015

The Government released yesterday an exposure draft of the Corporations Amendment Life Insurance Remuneration Arrangements Bill 2015 The Government says the Bill removes the current exemption in the Corporations Act from the ban on conflicted remuneration for benefits paid in relation to certain ...

Major overhaul of Australia's foreign investment laws: what's new?
Insight 04 Dec 2015

The new package of legislation overhauling Australias foreign investment laws the first major revision in 40 years commenced on 1 December 2015 While many features of the previous regime have been retained and sometimes re-named there are also a number of significant changes Partners Jeremy Low ...

Mongolia's Law on Petroleum revised
Insight 24 Dec 2015

Mongolia has revised its Law on Petroleum which will operated in tandem with its 2005 Law on Petroleum Products Partner Igor Bogdanich and Consultant Manduul Altangerel look at the new law and what it will mean for companies prospecting and extracting petroleum products in Mongolia ...

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 ...

Strategic planning and the Greater Sydney Commission come to NSW
Insight 09 Dec 2015

The NSW Parliament has passed legislation to establish the Greater Sydney Commission and introduce a new strategic planning framework for NSW ...

Government launches innovation agenda - now wait for the ideas boom
Insight 08 Dec 2015

You might be getting tired of all of the talk about innovation and keen to see some of it actually happen The Governments recent announcements could help but there is a long way to go before the mining boom becomes the ideas boom ...

Product rationalisation - again
Insight 08 Dec 2015

The FSI report recommended that the Government facilitate rationalisation of legacy products in the life insurance and managed investment scheme industries The need for ways to close legacy products has been kicking around for at least a decade and in 2007 Treasury released a very thorough options ...

Guarantors owed a duty of care under the Code of Banking Practice
Insight 21 Jan 2016

A recent decision of the Victorian Court of Appeal has given a wide meaning to the Code of Banking Practice finding that the duty of care owed by a lender in assessing the borrowers ability to repay extends to guarantors Effectively the bank was responsible to guarantordirectors for funding their ...

Offshore petroleum resource management review
Insight 19 Jan 2016

In December 2015 the Federal Government released an interim report of its review into the management of Australias offshore petroleum resources The review suggests that while the current regime is fundamentally sound there is still a need for action to be taken across the offshore petroleum ...

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