Out of Touch but Not Out of Time

In a decision [Mackenzie v Positive Concepts Pty Ltd & Anon [2016] VSC 259 (19 May 2016)] that graphically illustrates the apparent flexibility of the Limitation of Actions Act 1958 (Vic), at least as far as it applies to pers...

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Slippery When Wet

University not culpable for employee’s garden-path fall including recommendations about consumer leases VWA v Monash University [2016] VSC 178 (22 April 2016). Background Late in the evening on 6 October 2010, Janis Lonie, t...

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Electronic Communications Where Consumer Credit Involved – Potential Reforms

Some of the restrictions on communicating electronically where consumer credit is involved may soon be lifted. ASIC recently wrote to major industry bodies and key stakeholders seeking their views on amending the Electronic Tra...

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Small Amount Credit Contract Report Finally Released

The eagerly awaited final report of the independent review of the small amount credit contract (SACC) laws and consumer leases was released on Tuesday 19 April 2016 by the Minister for Small Business and Assistant Treasurer, Kelly...

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ASIC to Review Finance Broker Remuneration

In late February 2016, ASIC released a discussion paper titled “Broker Remuneration Review – Scoping Discussion Paper” to assist in scoping out the parameters of its forthcoming review of mortgage broker remuneration structu...

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New Lending Protections for Small Business

ASIC releases guidance on new protections for small businesses against unfair lending contract terms. The Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 extends the protections contained in th...

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