581-590 of 1172 results
Close and continuous monitoring - the new ASIC approach of embedding its officers in banks
ASIC has recently announced a new supervisory approach that involves embedding ASIC officers in the four major banks and AMP ...
Royal Commission: Round 3 - experiences with SME lending
The third round of the Royal Commissions hearings concerned lending practices to small and medium enterprises SMEs The hearings considered a range of case studies ...
Competing class actions - no 'one size fits all' solution
The Full Federal Court has held that when the court is faced with multiple competing class actions in relation to the same issue it can choose one to proceed and stay the others In doing so it said that there is no one size fits all solution to the problem of competing class actions and that ...
International Arbitration - Australian courts' power to grant interim freezing orders
The WA Court of Appeal has taken an expansive view of the power that Australian courts have to grant interim orders in support of international arbitrations. ...
New APRA prudential standard raises bar for information security obligations and incident notification requirements
As companies and regulators across the world grapple with ever-increasing cyber security threats, Australia's financial services regulator, APRA, has released the final form of a new prudential standard, which imposes heigtened security obligations for APRA-regulated entities ...
The ins and out (goings) of responsible lending
Very broadly speaking current legislation relating to responsible lending says that a person must not recommend or make an unsuitable loan to a consumer - an unsuitable loan being one that either does not meet the consumers requirements and objectives or imposes repayment obligations that they are ...
Class action amounts to multiple claims under insurance policy
The decision in a recent Supreme Court of New South Wales case where indemnity was sought for costs incurred defending and settling a class action highlights a potential gap in coverage under civil liability insurance policies Partner Louise Jenkins Senior Associate Julia Clemente and Lawyer Calypso ...
Comments invited on proposed retirement income product disclosure
Treasury has released a consultation paper on a new proposed simple standardised product disclosure document as part of the Federal Governments framework for Comprehensive Income Products for Retirement ...
ALRC's class action report - a 'canary in the coal-mine'?
The Australian Law Reform Commission has released its much-anticipated final report on class actions and litigation funding which makes a broad range of recommendations intended to bring the modern class action landscape back into line with the regimes original objectives Partners Jenny Campbell and ...
Major new corporate and financial sector penalties - what they mean for you
New legislation that greatly increases penalties for corporate and financial sector misconduct will have wide-ranging and significant effects Partner Alex Mason Managing Associate Chris Kerrigan and Associate Rachele Troup report ...