671-680 of 932 results
High Court decision on retention obligations provides some clarity to liquidators
The High Court has ruled that a liquidator has no obligation to retain monies on account of tax until a notice of assessment has been issued The decision will provide much needed clarity for liquidators and other statutorily deemed trustees and agents Partners Charles Armitage and Christopher ...
New AMIT rules
New legislation has been introduced into Federal Parliament that will replace the existing taxation regime for trusts which qualify as Attribution Managed Investment Trusts Partner Charles Armitage and Managing Associate Judith Taylor look at what is different from the original Exposure Draft ...
What does the Government's response to the FSI mean for banks?
The short answer is it depends on which kind of bank you are The Financial System Inquirys final report and the Governments response mean a lot for ANZ CBA NAB and Westpac particularly given their significant residential mortgage portfolios They also mean a lot for Macquarie As for the rest of the ...
FSI outcomes - what will happen and when?
Are you interested in the financial system and how it is regulated The Federal Governments response to the Financial System Inquiry was recently handed down but it can be hard to work out where exactly things are heading We have put together a table that sets out what is likely to happen and when ...
Proposed industry funding model for ASIC
Treasury has released a Consultation Paper seeking comments on a proposed industry funding model for ASIC Under the proposed model the costs of ASICs regulatory activities will be recovered directly from the companies and other entities that are regulated by ASIC - at a direct cost to industry of ...
Designing effective remediation programs
ASIC issued Regulatory Guide 256 Client review and remediation conducted by advice licensees late last week In short RG 256 says an Australian financial services licensees duty to provide financial services efficiently honestly and fairly means they have to take responsibility for the consequences ...
Brexit and financial services regulation
The idea that the UK could on leaving the EU simply walk away from a significant amount of EU financial services regulation seems fantastical It is likely that the UK will instead have to adopt on exit vast amounts of EU financial services regulation However the UK will have no say on the future ...
AMITs are here (at last)
It has taken a while but out of the dust of an early Federal Budget and double-dissolution election announcement a new tax attribution regime for Attribution Managed Investment Trusts has emerged relatively intact While the AMIT regime should generally be welcomed as a positive thing for MITs in ...
Local issuers, international format
At the same time as more international issuers appear to be looking at international programme formats for their Australian dollar issuance so Australian borrowers are contemplating the use of EMTN programmes even for their domestic currency issuance ...
Life insurance remuneration draft regulations released
The Government has released an exposure draft of the Corporations Amendment Life Insurance Remuneration Arrangements Regulations 2016 The draft regulations provide some further detail to support the implementation of the Corporations Amendment Life Insurance Remuneration Arrangements Bill 2016 which ...