Silver Linings of the Pandemic – Federal Parliament Passes Permanent Changes to Allow Electronic Signing of Documents and Virtual Meetings

Prior to the COVID-19 pandemic, conflicting court decisions around the country had fostered uncertainty as to whether a company could safely execute documents electronically. Amidst the great upheaval created by the spread of the ...

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Preserving Competition in Public Sector Tenders: Businesses and Public Servants Should Heed the Warnings of the ACCC on Cartel Conduct

Introduction Last month, the ACCC published a media release warning public sector agencies of the potential for collusion between bidders responding to tender requests issued by government entities. The warning was motivated b...

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Permanent Changes Afoot to Allow Virtual Meetings and Electronic Execution of Documents

The Federal Government has signalled its intention to make permanent the temporary COVID-19 exemptions allowing virtual meetings and the electronic signing and sending of certain documents by companies. If passed in its current...

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ASIC brings action against small amount credit lender for licence breaches

ASIC has brought civil penalty proceedings against Ferratum Australia Pty Ltd, the Australian arm of the Finland-based financial services company Multitude SE, offering mobile and digital financial services in approximately 25 cou...

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New Director Identification Number Requirements Coming Soon

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 ...

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Unfair contract terms reforms – Stronger unfair contract protections proposed for consumers and small business

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...

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