ASIC recently released report 410 on its review of low doc home lending following the introduction of responsible lending obligations. In conducting its review ASIC reviewed 12 credit licensees of varying sizes representing a bro...

Claims against building professionals relating to building and construction work are among the most costly proceedings to litigate. For insurers evaluating risk, knowing how long a building professional or company may remain "expo...

The Australian government has committed to abolishing the Australian Charities and Not-for-Profits Commission (ACNC). The government has now released its Options Paper which sets out proposed replacement arrangements for charities...

A keynote speech given by Peter Kell, Deputy Chairman of the Australian Securities & Investments Commission (ASIC), at the Mortgage and Finance Association of Australia (MFAA) national conference in May 2014 set out ASIC's pri...

ASIC, in a Credit Reform Update (Issue 37), 14 April 2014 reminds credit licensees and responsible managers that the transitional period for them to acquire the necessary qualification ends on 30 June 2014. From 1 July 2014, resp...

The official release of the 2014 Budget by the Federal Government last night has made the anticipated cuts and mergers a reality, consistent with the Coalition's commitment to bringing the budget back to surplus and streamline gov...