Articles

Date
Category
Industry

Essential things you should know about contracts

Tuesday, 03 September 2019
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Samantha Hills

Senior Associate

Even if you engage lawyers to draft or review your contracts, there are some essential things you should know. 1. The contract document does not necessarily reflect the whole agreement…...

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Product Intervention for CFDs issuers and Binary Options has landed in Australia. Read our top 6 FAQs

Friday, 23 August 2019
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Paul Derham

Partner

After years of speculation, product intervention in the CFDs sector has come to Australia.  This article sets out the 8 conditions proposed by ASIC, and some of our commentary.  As…...

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Current ASIC trends in AFSL and ACL applications and variations

Friday, 05 July 2019
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Fiona McCord

Senior Associate

Some of you reading may already hold a licence issued by ASIC, be it an AFSL, an ACL or both. If you’re not looking to set up a new business…...

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Data Breach Reporting – What you need to know as a Licensee

Tuesday, 02 July 2019
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Fiona McCord

Senior Associate

Australian Financial Services and Australian Credit Licensees are subject to data breach reporting requirements contained in the Privacy Act 1988 (“data breach law”). The law imposes a reporting obligation when…...

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Mismanaging client data can cost you! Lessons to be learned from Equifax

Sunday, 30 June 2019
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Fiona McCord

Senior Associate

Late last year, UK based Equifax Ltd was issued with a penalty of 500,000GBP by the Information Commissioner (UK) (the Commissioner) in relation to a privacy breach. The breach occurred…...

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Enhanced Whistleblower Protections: What does it mean for your Company?

Thursday, 27 June 2019
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Naomi Fink

Senior Associate

As of 1 July 2019, potential whistleblowers across Australia will enjoy an added layer of statutory protections.  The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 (Cth) (‘the Amendment’) has expanded the…...

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The Consequences of a Poor Corporate Culture

Saturday, 25 May 2019
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Sarah Archer

Associate

Corporate culture has been a particular emphasis of financial services in recent times and was a primary focus of the Hayne Royal Commission. But what are the consequences of having…...

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Are you paying too much for your ASIC Industry Funding Levy?

Thursday, 04 April 2019
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Frank Varga

Head of Licensing

ASIC has now issued levies for the 2017 – 2018 financial year.  These invoices were due to be paid by 15 March 2019.  Late payment penalties apply from 1 April…...

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The Royal Commission and Wholesale Clients – A Missed Opportunity?

Thursday, 14 February 2019
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David Court

Partner

The continuing increase in retail client regulation over recent years (such as the FOFA reforms) and the increasing ease with which clients can meet the wholesale client eligibility tests has…...

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