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All that glistens isn't Goldsky – key learnings from the ASIC v Goldsky decision
Insight 01 Oct 2019

The recent case of ASIC v Goldsky Global Access Fund raises a number of compelling questions (some of which we explore below), and fund managers would do well not to place too much stock in the judgment in support of arguments that a trustee of a wholesale fund may act as trustee with the benefit of ...

Inducements in the corporate superannuation sector – guidance misses the mark
Insight 01 Oct 2019

There are considerable problems with some guidance that was published a few months ago on section 68A ('no treating of employers') of the Superannuation Industry (Supervision) Act 1993. Michael Mathieson and Ally Crowther report. ...

Allens advises Cerberus on acquisition of specialist SME lender
News 24 Sep 2019

The partnership between Cerberus and the Axsesstoday management team is Cerberus' second successful acquisition in Australia. In 2018, it acquired Bluestone Group's Australasian mortgage lending an ...

Allens advises PEP on acquisition of Horizon Global's APAC business
News 23 Sep 2019

PEP is a leading Australian-based private equity firm, which focuses on buyouts and late stage expansion capital in Australia and New Zealand. Horizon Global is one of the world's leading ...

No safe harbours for mortgage brokers in latest reforms
Insight 27 Aug 2019

Hot on the heels of its Implementation Roadmap, the Federal Government has released draft legislation introducing a best interests duty and banning conflicted remuneration for mortgage brokers. ...

Treasurer's 'Roadmap' more a reminder than an explainer
Insight 19 Aug 2019

The Treasurer, the Honourable Josh Frydenberg, released the Government's 'Implementation Roadmap' today to 'provide clarity and certainty' about the Government's ongoing work to implement the recommendations of the Royal Commission ...

Allens advises QIC Shopping Centre Fund on green bond
News 12 Aug 2019

QSCF owns a portfolio of shopping centres and the first investments will be allocated towards the Eastland mall in Melbourne, Grand Central in Toowoomba and Robina Town Centre on the Gold Coast, fo ...

Does that raise a question of the criminal law?
Insight 15 Aug 2019

During Royal Commission hearings last year, Commissioner Hayne ominously asked one witness: Does that raise a question of the criminal law? This Insight considers the implications of this question for financial service providers. ...

ASIC's product intervention power – time to permanently retire a furphy?
Insight 13 Aug 2019

Three consultation papers released by ASIC in recent times are far more interesting for what they reveal about whether the newly-minted product intervention power was really needed in the first place, than they are for what they say about ASIC's intentions in exercising the power. ...

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