A recent Federal Court decision could serve as a guide when incorporating unilateral variation clauses into standard-form contracts with small business and consumers. ASIC successfully obtained orders declaring void and varying "u...

In our recent newsletter,  we reported on the announcement by ASIC on Monday 23 March 2020 that it was recalibrating its regulatory priorities to focus on COVID-19 challenges. On Tuesday 14 April 2020 ASIC provided further det...

The announcement by ASIC on Monday 23 March 2020 that it is recalibrating its regulatory priorities to focus on COVID-19 challenges is a welcome relief to the finance industry in these challenging times. ASIC states that it w...

A raft of draft legislation to implement a further 22 of the recommendations of the Banking, Superannuation & Financial Services Royal Commission (Royal Commission) was announced by the Treasurer, the Hon Josh Frydenberg MP on...

Legislation to implement mandatory comprehensive credit reporting (MCCR) is progressing in the Senate, having already been passed by the House of Representatives. the National Consumer Credit Protection Amendment (Mandatory Cre...

A variation to the Privacy (Credit Reporting) Code 2014 (the "CR Code") has been approved by  the Australian Information Commissioner ("OAIC")  commencing 14 February 2020. The OAIC has given a summary of the changes: Wr...