Magic Pudding – the ACNC’s Implementation Report

On 12 June, the Australian Charities and Not-for-Profits Commission Implementation Taskforce released its Implementation Report, setting out the ACNC’s regulatory approach in five key action areas. These five areas are. These...

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New Limited Australian Financial Services Licence (AFSL)

A new form of financial advice licence will allow accountants to become licensed and able to provide a much broader range of financial advice than they have previously been able to. Licensees will be able to advise on self-mana...

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Cyberspace is no Longer a Lawless World

A topic of much-heated debate out in the online community and through the realms of cyberspace is whether there is a social media law? Although there is no Social Media Act or Social Networking Act, it is important to recognise ...

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Director Derivative Liability – Finally a Policy Shift

Company directors should be aware that there is only less than a week left to make a submission to Treasury in regards to the Federal Government’s first tranche of proposed amendments to directors’ liability legislation. Submi...

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Anti Bribery Laws About to Get Tougher

The Federal Government has asked industry and the public for their views on changing Australia’s anti-foreign bribery laws to remove the “facilitation payments” defence. Australian businesses and individuals who are engaged ...

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Letting the Chips Fall Where They May Doesn’t Pay

In the recent High Court decision of Strong v Woolworths, the Court was asked to consider whether the plaintiff had proven that the defendant was negligent in circumstances where there was no evidence to complete the chain of caus...

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