National Integrity Spotlight – January 2024
In this month’s edition of the National Integrity Spotlight, we consider the most recent updates from the NACC, developments from various state corruption and integrity bodies, and how Australia scored on the 2023 Corruption Perceptions Index. NACC Update Referral and Assessment Update The National Anti-Corruption Commission (NACC) continues to provide regular updates on the number […]
ReadmoreGadens Regulatory Recap – 23 January 2024
This edition of the Gadens Regulatory Recap highlights recent developments from ASIC, APRA, ACCC, AFCA, the OAIC, and Treasury, including various enforcement actions taken by the regulators. ASIC ASIC extends product intervention orders for short term credit and continuing credit contracts: On 5 January 2024, the Australian Securities Investments Commission (ASIC) extended its product intervention […]
ReadmoreLast-minute closure of some of the ‘loopholes’
More changes to employment and safety laws are on their way. While many employers, advisors, lawyers and business operators are still getting across the raft of legislative changes since December 2022, the final parliamentary sitting week of 2023 saw yet another tranche of changes passed and those changes became law on 15 December 2023. What’s […]
ReadmoreNational Integrity Spotlight – November 2023
In this month’s edition of the National Integrity Spotlight, we consider the most recent updates from the NACC, developments from various state corruption and integrity bodies, and potential amendments to the AML/CTF Rules. NACC Update Referral and Assessment Update The National Anti-Corruption Commission (NACC) continues to provide regular updates on the number of referrals received, […]
ReadmoreInfluencer compliance with advertising obligations fails to impress
Earlier this year the Australian Competition Consumer Commission’s (ACCC) conducted a sweep of social media platforms to understand how advertising was conducted in social media posts. An alarming 81% of influencers reviewed had made posts that did not wholly comply with the Australian Consumer Law (ACL).[1] Every sector ‘swept’ contained non-compliant posts, with the highest […]
ReadmoreGadens Regulatory Recap – 12 December 2023
This edition of the Gadens Regulatory Recap highlights recent developments from ASIC, APRA, ACCC, AFCA, the OAIC, and Treasury, including various enforcement actions taken by the regulators. ASIC ASIC releases guidance on the registration of financial advisers: On 28 November 2023, the Australian Securities Investments Commission (ASIC) released guidance through Information Sheets 276 and 277 […]
ReadmoreMyth or reality – Our top 10 workplace myths – part two
The award doesn’t apply because we pay above the award and restraints are never enforceable. Have you heard this before? In this article, we discuss another 5 workplace myths and provide further clarity on the rights and obligations of employers and employees. You can read the first article of this two-part series here. 6. ‘I […]
ReadmoreThe Federal Court makes its order – Hungry Jack’s ‘Big Jack’ trade mark not deceptively similar to McDonald’s ‘Big Mac’
In a Federal Court judgment handed down in November, Justice Stephen Burley found that fast-food giants McDonald’s and Hungry Jack’s each had a measure of success in their dispute. The case relates to Hungry Jack’s BIG JACK and MEGA JACK burgers that Hungry Jacks began selling in early 2020, which McDonald’s alleged infringed its BIG […]
ReadmoreSpotlight on modern slavery: Federal Government introduces legislation to establish Anti-Slavery Commissioner
As foreshadowed in our previous article on modern slavery reporting, available here, the Federal Government has introduced the Modern Slavery Amendment (Australian Anti-Slavery Commissioner) Bill 2023 (Bill) (which amends the Modern Slavery Act 2018 (Cth) (Act)) to establish a new Anti-Slavery Commissioner. The Commissioner will have a range of functions including: promoting compliance with the […]
ReadmoreCorruption and Integrity Update – November 2023
In this edition of the Corruption and Integrity Update, we cover the appointment of a former judge as Chair of the new Complaints Oversight Board, analyse the various annual reports published by the Queensland Integrity Commissioner and the Parliamentary Crime and Corruption Committee, and consider the Crime and Corruption Commission’s review into the proceeds of […]
ReadmoreGadens Regulatory Recap – 30 November 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, ACCC, AFCA, AUSTRAC, the OAIC, and Treasury, including various enforcement actions taken by the regulators and updates from the 2023 ASIC Annual Forum. ASIC ASIC and AFSA sign refreshed MoU: On 16 November 2023, the Australian Securities Investment Commission (ASIC) and Australian […]
ReadmoreA new Banking Code of Practice is on the horizon
Background The Australian Banking Association’s (ABA) Banking Code of Practice (the Code) contains a set of contractually enforceable industry standards that customers and small businesses can expect subscribing banks to uphold. The Code has been in place in various forms since 1993, including a range of protections that are intended to complement and set higher […]
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