From November 2021, directors will be able to apply for a Director Identification Number (Director ID), in an effort to prevent the use of false or fraudulent director identities and prevent director involvement in other unlawful ...

Regulatory breach reporting is a concept that has been in and out of favour since the FSR reforms of twenty years ago.  After the introduction in March 2002 of the breach reporting obligation of Australian Financial Services Lice...

The Australian Consumer Law and ASIC Act each contain identical provisions that give consumers and small business the right to have contract terms in standard form contracts declared to be void if they: cause a significant im...

The heading might well be regarded as an “oxymoron” but at least it is eye catching. The following law reforms commence in October 2021, affecting both financial services providers and providers of credit services: R...

New laws that introduce mandatory reference checking in respect to financial advisors and mortgage brokers before they are hired into new positions will take effect from 1 October 2021. These amendments to the Corporations Act ...

Everyone in the financial services sector is working hard on preparations for the implementation of the new laws imposing design and distribution obligations (DDO obligations) on the issuers and distributors of financial, deposit ...