New Limited Australian Financial Services Licence (AFSL)

A new form of financial advice licence will allow accountants to become licensed and able to provide a much broader range of financial advice than they have previously been able to. Licensees will be able to advise on self-mana...

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The sting for General Counsel in the James Hardie decisions – Shafron v ASIC and ASIC v Hellicar

On 3 May 2012, the High Court handed down two important decisions in the matters of Peter James Shafron v ASIC [2012] HCA 18 and ASIC v Meredith Hellicar & Ors [2012] HCA 17. Both decisions deal with company officers’ du...

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Through the Looking Glass – Notes on Privacy

Never think your personal information is safe. The Australian Information Commissioner recently released case notes on investigations concerning privacy-related complaints that illustrate the application of the Privacy Act in n...

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Review of Not-for-Profit Governance Arrangements

The Government is introducing significant changes to the not-for-profit sector including the establishment of the Australian Charities and Not-forProfits Commission (ACNC), due to commence on 1 July 2012. As part of that process, ...

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Defence Costs Precluded by Statutory Charge Over Insurance Monies

A decision in this matter was handed down by the New Zealand High Court on 15 September 2011 that may have significant ramifications in Australia. The facts The case concerned the collapse of the Bridgecorp Group (which compr...

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