Financial Sector Shake-Up

There is a lot of hype around the rumoured trade negotiations held by Prime Minister Tony Abbott with selected members of the World Trade Organisation ("WTO"). According to leaked WikiLeaks documents, the Abbott government is pres...

Read More →

ASIC Priorities in Consumer Credit

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...

Read More →

ASIC emphasises transitional period for qualifications ends on 30 June 2014

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...

Read More →

New Anti-Money Laundering and CTF Rules

On 1 June 2014 proposed changes to the Anti-Money Laundering and Counter-Terrorism Financing) Rules (AML/CTF Rules) will commence operation. These Rules are made pursuant to the Anti-Money Laundering and Counter-Terrorism Financin...

Read More →

Alan Jones to the Rescue – Change to Timing of Report of Missed Payments Under Credit Reporting Privacy Code

In an interview with Alan Jones on 2GB on 26 March 2014, Attorney General George Brandis announced that the time after which late payments could be reported to Credit Reporting Bodies under the provisions of the Credit Reporting ...

Read More →

Correction of Personal Information – How Will Lenders Deal with Disputed Payment Defaults in the Future Under app 13?

The Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth) (Enhancement Act) commences on 12 March 2014. The Enhancement Act introduces new Australian Privacy Principles (APP), including APP 13 which deals with the abil...

Read More →
1 14 15 16 17 18 19