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ASIC's report on financial advice
Insight 07 Apr 2017

ASIC has recently released a report about its work with the big four banks and AMP on adviser misconduct The report is essentially an update on the progress of ASICs Wealth Management Project and mostly contains information we already know The most interesting part deals with the results of ASICs ...

2017 Budget: increased scrutiny on competition and accountability in the financial system
Insight 10 May 2017

Treasurer Scott Morrison this week announced that he has tasked the Productivity Commission to review the state of competition in Australias financial system The Budget has also included other measures focused on competition in the financial sector including funding to establish a dedicated ACCC ...

Michelle Levy wins Partner of the Year
News 29 Apr 2016

Partner Michelle Levy was announced as 'Partner of the Year' in the Financial Services category at last night's Lawyers Weekly inaugural awards ceremony held in Sydney. Michelle is a financial ...

Allens advises REST on its first direct debt investment
News 13 Apr 2015

Allens has acted for Australian superannuation fund REST Industry Super ( REST ) to achieve completion of its first direct debt investment.  The deal was led by Allens banking and finance Partners ...

Allens helps pave way on Australia's largest urban road project
News 25 Nov 2015

Allens has advised the Federal Government on a $2 billion concessional loan for the second stage of Australia's largest urban road project, WestConnex. The Commonwealth funding of the project ...

Hayne report – first impressions
Issues 11 Feb 2019

Commissioner Hayne's recommendations may initially seem somewhat modest – they do not undo vertical integration, impose limits on executive remuneration or ban bonuses and they do not recommend that directors prefer the interests of their customers. But, while it is true that the recommendations are not radical, there is much in the report that will mean some real changes for financial services companies, their Boards and their executives, as well as for their regulators and advisers. ...

Round 1: Experiences with consumer lending practices
Issues 10 Feb 2019

In the Final Report, the Commissioner has found that, for the most part, whilst the legislative tools necessary to protect borrowers are already available, there have been significant shortcomings in their application and enforcement. ...

Detailed analysis
Issues 11 Feb 2019

In the Final Report, the Commissioner has found that, for the most part, whilst the legislative tools necessary to protect borrowers are already available, there have been significant shortcomings in ...

Allens advises Plenary Schools consortium on refinancing
News 26 Feb 2019

Allens has acted for the consortium since its successful tender for the Project from the Queensland Government in 2013. Over the past five years, the consortium has successfully delivered two ...

Allens bolsters Banking & Finance team with new senior hire
News 26 Feb 2019

David joins as Managing Associate, in what is his first role since returning to Australia from Hong Kong. In the eight years he spent overseas, David worked at Allens' global alliance partner ...

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