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UK's Financial Conduct Authority report into asset management: guidance for future direction
ASIC often looks to overseas regulators for inspiration So when a particularly influential regulator publishes a comprehensive report about a large segment of its regulated population including possible new areas for regulation it can pay to take note because it may be a guide to the future ...
Spring overhaul of Australia's market licensing regime
Australias market licensing regime has long been crying out for an overhaul with regulatory guidance that largely dates back to the early 2000s struggling in the face of significant developments in financial markets since then Fortunately ASIC has taken heed and is due to release an updated market ...
Proposed reforms to staged development applications in NSW
An amendments to the planning legislation has been proposed by the NSW government to provide certainty of outcome for the public Partner 'Paul Lalich senior associate Dennis Smith and Law Graduate James Higgins report. ...
National Energy Guarantee on hold in favour of interventionist powers
In a sharp turnaround over the weekend the Government announced yesterday it would not introduce the emissions component of the National Energy Guarantee into Parliament but instead would focus on delivering greater powers to intervene in electricity markets to protect customers from the effects of ...
Solar farms in the spotlight - Victorian draft guidelines released
The Victorian Government has released draft guidelines for the design assessment and development of large-scale solar farms Partner Jillian Button Senior Associate Emily Johnstone Associate Isabella Kelly and Lawyer Zainab Mahmood provide an overview of the guidelines key features ...
The ramifications of a Facebook rant
The Full Court of the Federal Court recently handed down its decisions on an appeal that highlights the dangers of making unsubstantiated social media comments Partner Miriam Stiel and Lawyer Tracy Lu report on a long-running dispute where the court found personal Facebook posts constituted ...
Queensland retail energy reform
The Queensland Government has introduced legislation to apply the National Energy Customer Framework to the sale of electricity and gas to retail customers in Queensland ...
TGA confirms its approach to disclosure of commercially confidential information
The Therapeutic Goods Administration has released the final version of a document outlining its approach to the disclosure of commercially confidential information including information provided by medicine sponsors This follows the release of a draft version in June 2013 and a period of public and ...
Section 54 of the Insurance Contracts Act: Putting insureds in the driver's seat
A recent High Court decision highlights the substantial scope of s541 of the Insurance Contracts Act 1984 Cth to prevent an insurer from denying cover following an insureds non-compliance with certain terms of an insurance policy. ...
Isolated genetic material confirmed as patentable
In a unanimous decision the Full Federal Court has confirmed that genetic materials in their isolated form remain patentable in Australia The decision related to an appeal from an earlier Federal Court decision in which it was found isolated nucleic acids to be a manner of manufacture as required by ...