The City of Melbourne Street Network is Changing – Have your say on the Future Streets Framework
The City of Melbourne (Council) has proposed the Future Streets Framework (Framework). The Framework seeks to implement the strategic directions of the Transport Strategy 2030, which seeks to reallocate more space to people walking and cycling in the Melbourne CBD, reduce central city through-traffic and transform precincts around major transport interchanges into pedestrian thoroughfares. New […]
ReadmoreGadens Regulatory Recap – 25 August 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, AFCA, OAIC, ACCC, RBA, AUSTRAC and Treasury, including various enforcement actions taken by the regulators. ASIC ASIC extends transitional relief for 12 months for foreign financial services providers: ASIC is, again, extending transitional relief for foreign financial services providers (FFSPs) for a […]
ReadmoreWhen claiming statutory debts under the Security of Payment Act may not be a slam dunk
It is well established policy now enshrined under the Building and Construction Industry Security of Payment Act 1999 (NSW) (SOPA) that for the construction industry to remain sustainable, subcontractors and suppliers must have regular and reliable access to cashflow. Aside from limited circumstances[1], the risk of insolvency (of either party) rests with the payor (recipient […]
ReadmoreEmployee who was dismissed for complaining about CEO successful in adverse action case
In a recent decision by the Federal Circuit Court of Australia, an employer has been required to pay $93,500 in compensation to a former employee whose employment was terminated as a result of a complaint he made against the CEO of the company. The employee, Joseph Noonan, successfully argued that his former employer, Advent Security […]
ReadmoreNational Integrity Spotlight – July 2023
This edition of the National Integrity Spotlight considers the Senate inquiry into consulting services, the latest updates from the National Anti-Corruption Commission (NACC), recent Australian Federal Police operations, the Australian Institute of Criminology report into cybercrime, the Fraud and Corruption Plan issued by the Department of Health, and recent Australian Electoral Commission (AEC) proceedings. We also […]
ReadmoreNew restrictions on fixed term employment contracts
From 6 December 2023, new limitations will apply to fixed term contracts of employment. Broadly, the changes will: limit the maximum duration of fixed term contracts to two years; provide robust restrictions to prevent employers from circumventing these limitations; and require employers to provide employees on new fixed term contracts a ‘Fixed Term Contract Information […]
ReadmoreQueensland Corruption and Integrity Update – July 2023
This month’s edition of the Corruption and Integrity Update considers the release of the report of the Honourable Alan Wilson KC into his Review of the Public Interest Disclosure Act 2010, the latest from the CCC on its corruption strategy and guidance for the public sector, details from the Integrity and Other Legislation Amendment Bill, […]
ReadmoreGadens Regulatory Recap – 8 August 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, AFCA, OAIC, ACCC, ATO, AUSTRAC and Treasury, including various enforcement actions taken by the regulators, and regulatory guidance relating to scams. ASIC 1. ASIC warns of further action against market misconduct: ASIC has issued a warning that the strong enforcement action relating […]
ReadmoreASIC commences proceedings against Vanguard Investments
Further to our series of articles on ESG, on 24 July 2023 ASIC commenced proceedings seeking declarations, pecuniary penalties and adverse publicity orders against Vanguard Investments Australia Ltd (Vanguard) alleging misleading conduct in relation to claims about the applicability of environmental, social and governance (ESG) criteria applied to investments in an investment fund offered by […]
ReadmoreGadens Regulatory Recap – 25 July 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, AUSTRAC, ACCC, ATO and Treasury, including important FAR updates and details on regulation of AI and treatment of high-risk crypto exchanges. ASIC ASIC’s greenwashing antidote of transparency and meaningful disclosure: From June 2022 to March 2023, the Australian Securities and Investments Commission […]
ReadmoreTarget market determinations and ASIC stop orders
The appropriateness of Design and Distribution Obligations (DDOs) is now a priority for ASIC in regulating the disclosure of information about financial products to protect consumers (ie investors). In this article, we provide practical advice on how to adopt a consumer-centric approach in preparing Target Market Determinations (TMDs) that provide adequate levels of disclosure to […]
ReadmoreSay goodbye – Victorian employers must destroy COVID-19 vaccination information
By 11 August 2023, Victorian employers must destroy all COVID-19 vaccination information collected, recorded, held and used under the Occupational Health and Safety Amendment (COVID-19 Vaccination Information) Regulations 2022 (Regulations), unless the employer is permitted or required under other laws to collect, use, record, or hold the information. The Regulations allowed employers to continue to […]
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