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Date posted: 05/11/2018
Trucking companies have seen a massive rise in the charges imposed by stevedores on the collection or delivery of containers. Read more
Date posted: 05/11/2018
The Trans-Pacific Partnership (TPP) is famous for being a major issue in the 2016 US election. One of the first acts of the new President Trump was to withdraw the US from the agreement. Fast forward two years and the TPP (without the US) is set to commence on 30 December 2018. This free trade agreement (FTA) is a major reply to the protectionist trade policies of the US and also offers major benefits for Australian traders. Read more
Date posted: 08/10/2018
In this issue: ASIC finally approves the Australian Financial Complaints Authority rules ASIC reminds financial firms about the need to join AFCA by 21 September 2018 but then gives a limited extension ASIC releases report on reverse mortgage lending in Australia Royal Commission sharpens focus on life insurance industry ASIC prescribes three year period for credit card responsible lending assessments ASIC to update Regulatory Guide 209 (responsible lending) Westpac admits to breaching responsible lending obligations when providing home loans and a $35 million civil penalty Royal Commission releases its interim report Read more
Date posted: 08/10/2018
Significant increases to financial penalties under the Australian Consumer Law commence – disregard at your peril! Read more
Date posted: 13/09/2018
The short-term rental accommodation industry accounts for an estimated $31 billion contribution to the Australian economy. On 21 August 2018, the Fair Trading Amendment (Short Term Rental Accommodation) Bill was assented to. This legislative reform in NSW is intended to regulate how the industry operates and address community concerns as to the disruption to local amenity that may be associated with short-term rentals. Read more
Date posted: 24/08/2018
This update looks at the current state of play and details the mechanism to make the transition to AFCA. Entities required to be members of AFCA are referred to as ‘financial firms’. Read more
Date posted: 20/08/2018
On 1 July 2018, the Treasury Laws Amendment (2018 Measures No) Bill 2018 came into effect. The Bill introduced changes affecting both vendors and purchasers of all residential property. It is particularly relevant to the sale and purchase of off-the-plan units and house and land packages. As a result, it is now more important than ever to consider the GST implications when buying or selling residential real estate. Read more
Date posted: 17/08/2018
Question When is an eagle a financial product? Answer When ASIC, by regulation, declares it to be (under its new proposed power to declare 'anything' to be a financial product). Read more
Date posted: 20/06/2018
In proceedings before the Federal Court of Australia and the state Supreme Courts where an application is made pursuant to sections 459P and 459Q of the Corporations Act (Cth) (“Act”) for orders winding up a company, the appointment of an Administrator often results in the Administrator seeking an adjournment of winding up proceedings. Read more
Date posted: 24/05/2018
On 10 May 2018, Mahony DCJ delivered a judgment in favour of the Defendant in the District Court of New South Wales concerning a claim for work injury damages by a former police officer. Read more
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