Casual Loading & ‘Double-Dipping’ Win for Employers

The Senate voted in Federal Parliament on Monday night (16 September) to defeat an ALP motion to disallow the Fair Work Amendment (Casual Loading Offset) Regulations 2018 (“Regulations”). The regulations are designed to assist...

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Industry changing developments in the Banking & Finance Sector – July/August 2019

Since the beginning of the new financial year, there have been many industry changing developments in the banking sector. Implementation of the recommendations of the Royal Commission in to Banking Industry are well underway, and ...

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Responsible Lending guidance in turmoil following decision by the Federal Court in the Westpac case

Contents: 1. The Case 2. The First Case on Responsible Lending 3. Westpac Saves $35million 4. Issues on which the case was decided 4.1 Taking Declared Living Expenses into Account in the Credit Assessment Process 4.2 Determi...

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Dumping duty assessments – A possible solution to unexpected dumping duties

With rates sometimes exceeding 100%, dumping duties are one of the key focus areas of the Australian Border Force and importers.  Importers can face unexpected dumping duty bills that run into the millions of dollars and feel tha...

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Reforms to Debt Administration Agreements showing potential to reshape the debt administration industry

The Bankruptcy Amendment (Debt Agreement Reform) Act 2018 (Cth) was designed to and is already having a major impact on the debt administration industry in Australia following its commencement on 27 June 2019. The aim of the le...

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Hold the Phones! ASIC moves to ban unsolicited telephone sales of direct life insurance and consumer credit insurance

ASIC has proposed to ban unsolicited telephone sales of life insurance (including funeral insurance) and Consumer Credit Insurance (CCI) when sold with general or no advice. This proposed ban will even extend to financial advisers...

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