ASIC’s guidance to mortgage brokers on their ‘best interests’ duty – time to act!
The Australian Securities and Investments Commission (ASIC) has just released RG 273, which sets out its view on how mortgage brokers may comply with their ‘best interests’ obligations which commence in January 2021. The guidance follows the passing, on 6 February 2020, of the Financial Sector Reform (Hayne Royal Commission Response – Protecting Customers (2019 […]
ReadmoreGoogle’s purchase of Fitbit raises anti-competitive concerns
On 18 June 2020, the Australian Competition and Consumer Commission (ACCC) released its Statement of Issues detailing its preliminary concerns with Google’s proposed acquisition of Fitbit. The ACCC has raised concerns with the proposed acquisition on the basis that it may provide Google with access to large volumes of consumer health data (in addition to […]
ReadmoreDeveloper loses appeal against refusal for overdevelopment of land for retirement village
In GTH Resorts No 5 Pty Ltd v Gold Coast City Council [2020] QPEC 2020, the Planning and Environment Court was required to determine whether a proposed retirement village was an overdevelopment of the land and, if so, were there relevant grounds to justify approval despite the overdevelopment. The land the subject of the proposed […]
ReadmoreLandowners win against council in rating categorisation dispute
In a major win for the owners of two Bunnings warehouses in Ipswich, the Court of Appeal has held that the Ipswich City Council wrongly categorised their properties for rating purposes. The decision highlights the financial impact, as well as the difficulties, that can arise in applying differential rating categories to land. The long running […]
ReadmoreWhat weight should be given to a draft Planning Scheme or Planning Scheme Amendment?
A proposed amendment to a planning scheme may have drastic consequences for the development potential of land, particularly where land is proposed to be ‘down zoned’ or a more restrictive overlay constraint is proposed. There are a number of key issues which need careful consideration in terms of appropriately timing development in light of a […]
ReadmoreCOVID-19 | Coronavirus and Trade Promotions: The Latest
COVID-19 has interrupted the marketing and promotional activities of many businesses. We look at the changes being implemented by the trade promotion regulators around Australia in response to the pandemic. Click below to download the full article. For details of all our COVID-19 tips and updates, visit the Gadens COVID-19 Hub. Authored by: David […]
ReadmoreThe DIN is coming in! Australia’s introduction of a Director Identification Number (DIN) regime
Scrutiny of corporate governance and the role of directors is set to continue throughout 2020 and into 2021 as the aftermath of the Banking Royal Commission and economic impact of COVID-19 play out. Against that background, Australian directors and corporations now face a significant new administrative burden as the long-time-coming registry modernisation legislation passed without […]
ReadmoreCOVID-19 | The COVID-19 pivot – avoiding the trade mark pitfalls
The COVID-19 pandemic has changed several aspects of life, including how many businesses operate. It is no longer unusual to see cafés selling condiments and expanding to home delivery and catering. Restaurants are selling groceries and delivering meal tool kits; everyday household items can be purchased from fast food chains; and live event stage designers […]
ReadmoreDon’t play games with Australian consumer rights
The Federal Court has ordered that Sony Interactive Entertainment Network (Sony) pay AUD$3.5 million in penalties as a result of making false and misleading representations to consumers in connection with their rights under the Australian Consumer Law (ACL). Background Sony is incorporated in the United Kingdom and is responsible for the PlayStation Network (PSN). It […]
ReadmoreCOVID-19 | WA Code of Conduct provides guidance on rent relief obligations for WA landlords and tenants during the COVID-19 pandemic
The long awaited Commercial Tenancies (COVID-19 Response) Regulations 2020 (WA) have now been released and include a Code of Conduct (Code of Conduct) which gives effect to the National Cabinet Mandatory Code of Conduct and sets out a number of principles that landlords and tenants must follow during the COVID-19 pandemic. Which tenancies will the […]
ReadmoreCOVID-19 | Electronic deeds valid in Queensland
What are the changes? Under Queensland law, prior to 22 May 2020, a deed was required to be in paper, signed under seal and in the case of an individual their signature was required to be witnessed. These requirements have been modified from 22 May 2020 until 31 December 2020 for all forms of deed […]
ReadmoreLiquidation does not automatically remove a corporate trustee – Court directions may be required
In KSK Holdings (Australia) Pty Ltd (in liquidation) [2019] NSWSC 1463 a liquidator sought directions from the Supreme Court of New South Wales under section 90-15(1) of the Insolvency Practice Schedule (Corporations) at Schedule 2 of the Corporations Act 2001 (Cth). The liquidator sought clarity as to whether KSK Holdings (Australia) Pty Ltd (in liquidation) (KSK Holdings) remained trustee […]
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