A recent decision of the Victorian Court of Appeal has given a wide meaning to the Code of Banking Practice finding that the duty of care owed by a lender in assessing the borrowers ability to repay extends to guarantors Effectively the bank was responsible to guarantordirectors for funding their ...

The AAT has overturned the Grubb determination of the Commonwealth Privacy Commissioner and found that mobile network data from an individual's phone activity does not constitute 'personal information' under the Privacy Act ...

The FSI report recommended that the Government facilitate rationalisation of legacy products in the life insurance and managed investment scheme industries The need for ways to close legacy products has been kicking around for at least a decade and in 2007 Treasury released a very thorough options ...

You might be getting tired of all of the talk about innovation and keen to see some of it actually happen The Governments recent announcements could help but there is a long way to go before the mining boom becomes the ideas boom ...

Uncertainty as to what information constitutes personal information under the Privacy Act will be clarified following the release of guidance from the Office of the Australian Information Commissioner The guide provides insight into how a complaint may be determined and offers key questions for ...

With an upward trend in large-scale ransomware attacks and the number of data breaches reported globally mandatory data breach notification will become law in Australia in February 2018 This will place privacy compliance and cyber security in sharp focus Partner Michael Park Lawyer Samantha Naylor ...

Last year was a big year for cybersecurity Organisations were forced to grapple with an increasingly complex regulatory environment as governments across the globe continued to navigate how to best protect personal information in the face of increasingly sophisticated cybersecurity threats We look ...

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 ...

A decree that aims to improve the corporate governance regime for public companies in Vietnam has been issued and comes into effect August 2017 Our team reports on the key changes ...

The Federal Government has released the exposure draft of the Treasury Laws Amendment Banking Executive Accountability and Related Measures Bill together with a draft Explanatory Memoradum This follows on from the release of the Banking Executive Accountability Regime BEAR consultation paper in July ...