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Fact sheet: The term sheet decoded
Insight 24 Sep 2015

The term sheet is the key document that determines the basis on which VCs and other investors will invest in your startup This means that its crucial to get the basics right from the outset ...

Allens Accelerate: Preparing for investment
Insight 08 Jun 2016

As a startup looking to raise capital youll most likely spend a fair bit of time thinking about your pitch to potential investors and if youre lucky the terms of any investment ...

Bank technology failures: A new frontier for regulatory intervention?
Insight 03 Dec 2014

The UKs regulatory authorities have imposed the largest ever fines in Europe for technology failures in the financial services industry following a serious IT incident affecting more than 65 million customers in the UK It should serve as a cautionary tale for Australian financial institutions ...

Government proposes major changes to privacy law
Insight 09 Apr 2019

The Federal Government has proposed radically increased financial penalties and new powers for the Office of the Australian Information Commissioner in the wake of increased scrutiny of social media platforms and a growing consensus that Australias privacy legislation has fallen behind global norms ...

ACCC calls for significant reforms in Digital Platforms Inquiry Final Report (Part II): A platform for sweeping privacy reform
Insight 31 Jul 2019

The ACCC has called for significant reforms in Digital platforms to strengthen privacy protections for individuals and to improve transparency and accountability In data handling practices for both digital platforms and other organisations regulated by the Privacy Act 1998. ...

Right here, right now; the CDR regime is live
Insight 02 Aug 2019

The Consumer Data Right Act has been passed by Federal Parliament bringing with it significant changes for legal, risk and compliance teams operating in the finance, banking, energy and telco sectors ...

Move to require big banks' participation in comprehensive credit reporting
Insight 23 Feb 2018

The Federal Government has introduced draft legislation to establish a long-awaited mandatory comprehensive credit reporting regime for the major banks from 1 July 2018 Partner Gavin Smith Senior Associate Emily Cravigan and Lawyer Dougald Coulson report ...

New EU rules raise the bar for data security
Insight 16 Oct 2017

The EU General Data Protection Regulation GDPR which will apply from May 2018 includes enhanced data security requirements and obligations to notify regulators and individuals of data breaches A failure to comply with key provisions may lead to a fine of up to euro20 million or 4 per cent of global ...

Allens unlocks the power of data with new practice for clients
News 04 Oct 2016

Allens is helping clients unlock the immense unrealised power of data with the launch of an end-to-end data governance, data services and privacy practice . Led by Partner and Sector Head of ...

APRA proposes cross-industry framework for management of information security
Insight 03 May 2018

APRA has released for consultation its first prudential standard of information security Prudential Standard CPS 234 Information Security CPS 234 - a key response to the growing threat of cyber attacks ...

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