Target 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 […]
ReadmoreNational Integrity Spotlight – June 2023
This edition of the National Integrity Spotlight considers all that has been happening since the commencement of the National Anti-Corruption Commission (NACC) on 1 July 2023, the final report from the Robodebt Royal Commission, the historic penalty in AUSTRAC’s case against Crown, the findings of Independent Commission Against Corruption’s (ICAC) investigation into the former NSW […]
ReadmoreIs there a need to revamp the corporate insolvency system?
Yes is the answer! On 12 July 2023, the Parliamentary Joint Committee on Corporations and Financial Services published its report regarding corporate insolvency in Australia. Objective of the inquiry The committee’s inquiry assessed how effective the current corporate insolvency regime is at providing benefits to, and protecting, stakeholders as well as the Australian economy. It […]
ReadmoreGadens Regulatory Recap – 12 July 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, AUSTRAC, ACCC and Treasury, and updates on measures including the climate-related financial disclosure regime, de-banking, the ALRC Interim Report C on financial services legislation, and a FAR update. ASIC ASIC warns super trustees to consolidate duplicate member accounts: On 29 June 2023, […]
ReadmoreMinister intervenes in the ‘Great Wall’ of high rise development in Frankston
Last week the Minister for Planning approved Amendment C162, which applies the Design and Development Overlay Schedule 14 (DDO14) on an interim basis (until 27 October 2023), to land bordered by Nepean Highway, Kananook Creek Boulevard, Beach Street and Wells Street, Frankston (the Amendment). The Amendment amends Planning Scheme Map No. 4DDO and inserts a […]
ReadmoreCourt ruling narrows exception to redundancy pay: what employers need to know
A recent ruling by the Full Court of the Federal Court of Australia has narrowed the exception to employers’ obligation to provide redundancy pay[1]. This development carries implications for employers, particularly those engaged in labour hire. Failing to keep up with these changes can expose employers to potential breaches of the National Employment Standards (NES). […]
ReadmoreQueensland Corruption and Integrity Update – June 2023
This month’s edition of the Queensland Corruption and Integrity Update considers the Integrity and Other Legislation Amendment Bill, the latest update from the Crime and Corruption Commission (CCC) regarding the progress towards the Coaldrake recommendations, recent CCT outcomes, an update on the PID Act review, and updates arising from the Office of the Independent Assessor […]
ReadmorePay secrecy laws prevent employer from protecting ‘commercially sensitive’ client list
This article is a follow up to the article that Gadens’ Workplace Advisory and Disputes team published in relation to changes to the Fair Work Act 2009 (Cth) (Fair Work Act) as part of the Federal Government’s Secure Jobs, Better Pay reforms. The previous article can be found here. The Fair Work Commission has now handed down […]
ReadmoreGames of chance: When and where is a permit needed?
The Trade Promotions regulators increased their fees on 1 July – we’ve prepared a handy one pager outlining the new fees, as well as a quick refresher on when permits are needed across Australia. Click the image below to read the full update. If you found this insight article useful and you would like […]
ReadmoreFake news? – ACMA to receive new powers to hold digital platforms to account
The Australian Government has set its sights on combatting the growing trend of misinformation and disinformation on digital platforms, including social media channels, with the release of the draft Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2023 (Draft Bill) last Sunday. If implemented as proposed, the Australian Communications and Media Authority (ACMA) would be […]
ReadmoreGadens Regulatory Recap – 27 June 2023
This edition of the Gadens’ Regulatory Recap considers a series of updates from ASIC, APRA, AUSTRAC, ACMA and Treasury exploring a number of significant policy and legislative updates, as well as details on the latest enforcement actions being taken by the regulators. ASIC ASIC invites entities to assess their cyber resilience: ASIC has invited ASIC-regulated […]
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