521-530 of 867 results
ATO rules on Bitcoin - not enough purchase to be money
The Australian Tax Office has released draft rulings stating their view that the digital currency Bitcoin is property and not money Partner Gavin Smith Associate David Rountree and Associate Tom Tian consider the potential consequences for Australian businesses using Bitcoin ...
APRA's new powers in superannuation - A worthy idea, but checks and balances required
APRA is in line to get significantly increased powers of direction in respect of RSE licensees and their controlled entities as part of the package of superannuation reforms announced in the Treasury Legislation Amendment Improving Accountability and Member Outcomes in Superannuation Bill 2017 ...
Extraordinary new power proposed for APRA
The proposed draft of the Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017, will be giving new powers to the APRA in relation to the authorised non-operating holding company and other related bodies corporate of APRA-regulated entities ...
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 ...
Ransomware: The year in review
Ransomware is big business as cyber criminals increasingly transition from a business model focused on the theft of data to one predicated on extortion Remarkably however the use of malicious software to elicit a financial benefit is not new with the first recorded outbreak of ransomware occurring ...
Should you pay a cyber criminal's ransom?
With ransomware attacks affecting six out of 10 Australian organisations1 businesses are being forced to decide whether to concede to the ransom demands of cyber criminals in order to regain access to critical data However with no guarantee that payment of a ransom will release their data businesses ...
Linklaters Insights: Legal implications of the Greek debt crisis
After months of political stalemate in negotiations with its creditors to unlock access to bailout funds the Greek government has announced a referendum on proposed bailout conditions an extended bank holiday and the imposition of capital controls ...
APRA information paper targets shared computing arrangements
In response to its concerns about the potential risks associated with shared computing services including cloud computing APRA has issued an information paper that sets out prudential considerations and key principles for APRA-regulated entities using such services Partner Michael Morris Senior ...
Insuring against cyber-risks: a changing landscape
As cyber-attacks on Australian businesses increase many companies are discovering they are not adequately prepared or insured to handle a cyber-attack ...
Draft rules published for mandatory central clearing of derivatives and single-sided reporting
ASIC has published draft rules for mandatory central clearing of certain derivatives while Treasury has published draft regulations that would permit single-sided reporting of Over-the-Counter Derivatives in some situations Partner Tom Highnam and Lawyer David Lewis discuss the implications of these ...