ASIC Enforcement Review – Breach Reporting by Financial Services Licensees

Under current law (Corporations Act 2001) financial services licensees are required to report certain significant breaches applicable to ASIC. A task force at ASIC has in recent months completed a review of the self-reporting of t...

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Hunt & Hunt Lawyer named Corporate Livewire M&A Lawyer of the Year

Corporate Livewire has named Hunt & Hunt Partner Nick Miller as the Corporate Livewire Australian M&A Lawyer of the Year. Announcing the winners in the UK this week Jake Power, Awards Director of the 2017 M&A Awards...

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Pressure Mounts on Timbercorp as Investors Entitled to Plead Defences Despite Having Participated in Class Action

The Victorian Court of Appeal has held in Timbercorp Finance Pty Ltd (In Liquation) v Collins and Tomes [2016] VSCA 128 that parties who participated in the unsuccessful class action against Timbercorp are not precluded from plead...

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Only Director Down Under? Tips for Minimising Your Liability

We recently saw a transaction where this approach was adopted by a large US-based private equity investor, but we've also seen this trend extend beyond the private equity space. Often, the Australian company will have only one Au...

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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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