Point of Sale Finance – Retailers Wait with Trepidation!

When the National Consumer Credit Protection Act 2009 ("NCA") came into effect on 1 July 2010, retailers involved in arranging point of sale ("POS") finance were declared exempt from that legislation (see Regulation 23 and 23A o...

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Retirement Made Easy: Standard Contracts for NSW Retirement Villages

Standard contracts for retirement villages will be mandatory for village contracts entered into on or after 1 October 2031 in New South Wales. In addition, retirement village operators will be required to provide prospective re...

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Amendments to Community and Strata Titles Legislation in South Australia

On 12 April 2013, the Statutes Amendment (Community and Strata Titles) Act 2012 (SA) was passed. The Act amends both the Community Titles Act 1996 (SA) and the Strata Titles Act 1988 (SA).  It was partially commenced on 18 Jul...

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Consultation Paper released on APRA’s Crisis Management Powers

On 12 September, the Minister for Financial Services and Superannuation, Bill Shorten, released the paper "Strengthening APRA’s Crisis Management Powers" for public consultation. The paper forms part of the ongoing review pro...

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The Next Step

In the matter of Partridge v Hobart City Council & Ors [2012] TASFC 3 delivered 27 July 2012, the plaintiff brought an action in negligence for damages for personal injuries sustained to her back, knee and hand in a fall as sh...

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Change of Policy on FIRB Approval for Foreign State-Owned Enterprises

Brian Wilson, the Chairman of the Foreign Investment Review Board (FIRB), told a Senate Committee on 16 August 2012 that FIRB will publish guidelines to clarify requirements for FIRB approval for investments in Australian entities...

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