Digital asset regulation – Treasury’s proposed framework for regulating digital asset platforms
In the latest development in Australia’s regulation of digital assets, Treasury has released ‘Regulating Digital Asset Platforms’, a proposal paper for consultation (Proposal). The Proposal proposes to expand Australia’s existing financial services regulatory regime to fill the identified ‘regulatory gap’ in relation to certain digital asset custody services which are not financial products under existing […]
ReadmoreNational Integrity Spotlight – September 2023
This edition of the National Integrity Spotlight considers the latest updates from the NACC, the Federal Court’s decision in a case that considered the application of whistleblower protections retrospectively, and the latest developments in various matters relating to the PwC tax scandal and consulting services Senate Inquiry. We also consider the recent allegations relating to […]
ReadmoreGadens Regulatory Recap – 17 October 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, ACCC, AFCA, the ATO, Treasury, and the Australian Law Reform Commission, including various enforcement actions taken by the regulators. ASIC ASIC and APRA publish further information on joint administration of FAR: On 3 October 2023 ASIC and APRA published a Financial Accountability […]
ReadmoreQueensland Corruption and Integrity Update – September 2023
The September edition of the Queensland Corruption and Integrity Update covers recent decisions of the Councillor Conduct Tribunal (CCT), the High Court’s decision in CCC v Carne, and the first progress report into the recommendations of the Forensic DNA Commission of Inquiry. We also consider the Local Government (Councillor Conduct) and Other Legislation Amendment Bill […]
ReadmoreGadens Regulatory Recap – 3 October 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, OAIC, ACCC, AUSTRAC and Privacy Commission, including various enforcement actions taken by the regulators. ASIC 1. ASIC Chairman highlights cyber-security risks: ASIC Chairman, Joe Longo gave a speech at the AFR Cyber Summit on 18 September 2023 regarding cyber risk and cyber […]
ReadmoreFinal Report of the Review of the Public Interest Disclosure Act 2010
The highly anticipated final report from the Review of the Public Interest Disclosure Act 2010 (PID Act Review) was publicly released on 9 August 2023. A review of the PID Act was recommended as part of Professor Peter Coaldrake’s Review of Culture and Accountability in the Queensland Public Sector (the Coaldrake Report), which highlighted concerns […]
ReadmoreNational Integrity Spotlight – August 2023
This edition of the National Integrity Spotlight considers the latest updates from the National Anti-Corruption Commission (NACC), former DPP Shane Drumgold’s proceeding against the Board of Inquiry, use of ChatGPT and generative AI within the Department of Defence, and recent Australian Federal Police operations. We also consider the South Australian Independent Commission Against Corruption (SA ICAC) […]
ReadmoreGadens Regulatory Recap – 19 September 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, OAIC, ACCC, RBA and Treasury, including various enforcement actions taken by the regulators. Parliament Parliament passes FAR Bill: After almost two years in Parliament the Financial Accountability Regime Bill 2023 (FAR) has passed both houses. FAR will replace the Banking Executive Accountability Regime […]
ReadmoreQueensland Corruption and Integrity Update – August 2023
The August edition of the Queensland Corruption and Integrity Update covers updates from recent estimates hearings and an update on the Integrity and Other Legislation Amendment Bill. Estimates update State Development and Regional Industries Committee The State Development and Regional Industries Committee estimates hearing took place on 2 August 2023. The Office of the Independent […]
ReadmoreGadens Regulatory Recap – 5 September 2023
This edition of the Gadens’ Regulatory Recap highlights recent developments from ASIC, APRA, OAIC, ACCC, RBA and Treasury, including various enforcement actions taken by the regulators. ASIC ASIC welcomes appointment of three Commissioners: The Australian Securities Investments Commision (ASIC) has announced the appointment of three Commissioners to further strengthen their team. The newly appointed Commissioners […]
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 […]
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 […]
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