ASIC promises to initially “go easy” on enforcement of new laws affecting the financial services industry commencing early October 2021

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...

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New Covid vaccination compensation scheme provides additional incentive to employers to have staff vaccinated

In a media release on Saturday 28 August 2021, the Minister for Health and Aged Care, The Hon. Greg Hunt announced details of a new no fault COVID-19 Vaccine Claim Scheme (VCS) which will operate nationally. The scheme will cov...

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ASIC releases reference checking protocol for mortgage brokers and financial advisors

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 ...

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No jab, no work – FWO’s updated advice still leaves questions for employers

The Fair Work Ombudsman (FWO) posted updated guidance on its website last night relating to the power of employers to mandate COVID-19 vaccinations for their employees. This is an issue that we have also discussed before. Pr...

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Update on Electronic Signatures under Section 127 of the Corporations Act

Electronic execution of documents is once again permitted under section 127 of the Corporations Act 2001 (Cth) ("Corporations Act"). On 10 August 2021, the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 ("the Bill") passed...

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Are your terms and conditions up to date?

In 2020, the Fair Trading Act 1987 (NSW) introduced new amendments which require suppliers to take extra steps to inform consumers of certain terms and conditions. These changes have been enforceable from January 2021 and as of 31...

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