Allens has written over the course of this year, the Royal Commission will bring and in fact already has brought monumental changes both in how banks are regulated and to the actual laws that apply ...

The highest appellate court in the UK has affirmed and restated the penalty rule as it applies in the UK in a recent decision that directly addresses and counters the High Court of Australias approach to the rule in Andrews Partner Nick Rudge and Lawyer Patrick Easton report ...

A recent decision of the Supreme Court of New South Wales has again illustrated the potentially severe consequences for lessors of equipment and other goods under the vesting provisions of the Personal Property Securities Act 2009 Cth The lease can be a security interest If the lessors dont perfect ...

After extensive consultation the Corporations Amendment Asia Region Funds Passport Bill was introduced into Parliament delivering on Australia's commitment as set out in the Asian Region Funds Passports Memorandum ...

The Productivity Commissions draft report on competition in the financial system released earlier in February makes 25 draft recommendations a key focus of which are reforms to the regulatory system ...

A lot has happened since our most recent update The Royal Commission has published the submissions received from ASIC and industry participants on policy questions posed by Counsel Assisting at the end of the financial advice hearings And the small business lending hearings have been held ...

The Government has slowly been changing the superannuation retirement income system with the aim of increasing the range of retirement products available to Australians A number of changes have already been implemented and more are to come with the proposed Comprehensive Income Products for ...

Earlier today ASIC released an updated version of Regulatory Guide 246 concerning conflicted remuneration and other banned benefits such as volume-based shelf-space fees The changes are largely to address the life insurance remuneration reforms which take effect on 1 January 2018 But there are other ...

As regulatory and political pressure increases on the major banks in Australia alternative credit providers are entering the market with a variety of products to attract borrowers The unitranche loan is an example of one such product Partner Warwick Newell Senior Overseas Practitioner Alex Tonkin ...

The Queensland State Development Infrastructure and Industry Committee has recommended aspects of the Regional Planning Interests Bill 2013 be amended Partner Bill McCredie and Senior Associate Michael Zissis outline the committees key recommendations and the next steps towards the implementation of ...