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Changes to annualised salary arrangements: from 1 March 2020
Thursday, 13 February 2020
Naomi Fink
Senior AssociateIs your industry subject to a Modern Award? If yes, does the Award include an “annualised salary” provision? If yes, then from 1 March 2020, you must comply with new…...
Read moreRetail vs. Wholesale Clients – Regulatory Concerns and Responses
Thursday, 23 January 2020
David Court
PartnerWhile there have been some changes to the wholesale client eligibility criteria since 2004, we appear to be reaching a point where a more fundamental reassessment of the distinction between…...
Read moreAs a credit licensee, can you sign the Annual Compliance Certificate?
Wednesday, 18 December 2019
Fiona McCord
Senior AssociateIf you are a credit licensee, you must lodge an annual compliance certificate with ASIC within 45 days of your licensing anniversary each year. Your licensing anniversary is the anniversary…...
Read moreI’m a Responsible Manager. What does this mean?
Monday, 25 November 2019
Samantha Hills
Senior AssociateWe regularly train Responsible Managers (“RMs”) of AFS licensees to help them better understand their role. Many RMs are curious to know what they have to do and whether they…...
Read moreFederal Court dismisses ASIC’s test case against Westpac on Responsible Lending
Friday, 08 November 2019
Jesse Vermiglio
PartnerIn early August, Justice Perram of the Federal Court dealt ASIC a significant blow by dismissing its case that Westpac had breached responsible lending laws. In some ways, the decision…...
Read more12 Problem Words for Financial Services Promotional Materials
Friday, 25 October 2019
David Court
PartnerWhatever your financial services business model, you are legally responsible for the content of the promotional material that you publish or otherwise make available in the public arena. This blog…...
Read more10 easy steps to draft ‘clear, concise and effective’ Statements of Advice
Thursday, 17 October 2019
Zoe Higgins
Special CounselFinancial advisers are required to provide Statements of Advice (SOAs) that are “clear, concise and effective”. But what does this actually mean in practice? We share some tips and identify…...
Read moreTop 10 Mistakes Credit Licensees are making – and how to prevent them
Thursday, 17 October 2019
Zoe Higgins
Special CounselWe have put together a list of the most common mistakes licensees make that we have seen, and how to avoid them. Although some of these are specific to the…...
Read moreAPRA regulatory reporting for general insurance providers
Thursday, 17 October 2019
David Court
PartnerAre you an AFSL holder and authorised to deal in general insurance? If so, you should be aware of your obligations to provide data to APRA every six months by…...
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