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Mandatory data breach notification scheme passed
Insight 13 Feb 2017

The Federal Parliament has today passed the Privacy Amendment Notifiable Data Breaches Bill 2016 which will amend the Privacy Act 1988 Cth to introduce a mandatory data breach notification scheme ...

Grizzly times ahead for banks
Insight 14 Jul 2017

A consultation paper on the BEAR has been released confirming the Federal Governments intention to impose an executive accountability regime on banks and their subsidiaries that follows important elements of current international accountability regimes You have three weeks to provide your comments ...

Consumer protection in the banking, insurance and financial sector
Insight 10 Mar 2017

The Senate Economics References Committee is conducting an inquiry into the regulatory framework for the protection of consumers in the banking insurance and financial services sector ...

APRA's new powers in superannuation - A worthy idea, but checks and balances required
Insight 12 Sep 2017

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 ...

UK's Financial Conduct Authority report into asset management: guidance for future direction
Insight 06 Jul 2017

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 ...

Extraordinary new power proposed for APRA
Insight 12 Sep 2017

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
Insight 04 Oct 2017

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 ...

Fact sheet: Starting-up smart: How to get the most out of your lawyer, for less
Insight 19 Oct 2015

If youre focused on testing your idea developing your product and scraping together enough funds to talk to foundation customers engaging a lawyer could be the last thing on your mind ...

APRA information paper targets shared computing arrangements
Insight 17 Jul 2015

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 ...

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 ...

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