2971-2980 of 4055 results
New measures on resilience, collateral protection and client money
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 ...
High Court unanimously finds isolated genetic material not patentable
In the culmination of a hard-fought patent dispute the High Court of Australia has unanimously ruled that Myriad Genetics patent claims to isolated nucleic acid coding for the mutant or polymorphic BRCA1 polypeptide are not valid ...
Australia has lifted certain sanctions on Iran
In response to recent confirmation that Iran has met its international nuclear commitments the Australian Government has lifted all nuclear-related economic and financial sanctions against that country ...
Guarantors owed a duty of care under the Code of Banking Practice
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 ...
Life insurance advice remuneration legislation released
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 ...
Environment Minister appoints Wind Farm Committee and Commissioner
Federal Environment Minister Greg Hunt has appointed Andrew Dyer as Australias first National Wind Farm Commissioner and has announced the membership of the Independent Scientific Committee on Wind Turbines The Commissioner and the Committee will report separately to the Australian Parliament on ...
Product rationalisation - again
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 ...
CEPA introduces new environment management fees
Papua New Guineas Conservation and Environment Protection Authority commences implementation of its new fee structure this year Partner Vincent Bull and Senior Associate Ryan Warokra look at the changes and how they will be administered ...
ASIC clarifies stance on forward-looking statements by mining and resources companies
ASIC has revised its Information Sheet 214 on forward-looking statements by mining companies following industry feedback While continuing to emphasise that these statements must be based on reasonable grounds ASIC has clarified that forward-looking statements based on estimates of mineralisation can ...
Finally - a class action regime for Queensland
Class actions in Queensland are one step closer with the introduction of proposed new legislation into the Queensland Parliament Partner Michael Ilott Special Counsel Robyn Morrison and Senior Associate Suzie Fraser report ...