Showing 48 out of 50 results
ASIC confirms intention to create foreign ASFL regime and modify limited connection relief
Executive summary Following submissions made this year in response to CP 301, the Australian Securities & Investments Commission (ASIC) confirmed on …
High Court clarifies uncertainty surrounding amendment of registered scheme constitutions
The High Court’s decision in Australian Securities and Investments Commission v Lewski [2018] HCA 63 has clarified the uncertainty around the meaning of …
ASIC extends FFSP exemptions for a further 12 months
Today the Australian Securities & Investments Commission (ASIC) announced a 12 month extension, to 30 September 2019, to the 'limited connection' and …
ASIC will extinguish FFSP relief … unless convinced otherwise
The Australian Securities & Investments Commission (ASIC) is proposing to: repeal the conditional Australian financial services licence (AFSL) …
Open Banking developments in Asia Pacific
The banking industry has undergone rapid change in recent years with the rise of virtual currency, fintech and digital innovation challenging the status …
Superannuation regulatory pivot
On 14 September 2017, three important superannuation bills were introduced into Parliament: the Treasury Laws Amendment (Improving Accountability and …
High Court dismisses appeals: Finds that air cargo price fixing arrangements involved a market in Australia
On 14 June 2017, the High Court of Australia unanimously dismissed the appeals by each airline in Air New Zealand Ltd v Australian Competition and …
Anti-Money Laundering Counter-Terrorism Financing Update: Global trends and a new resource for reporting entities
2017 is shaping up to be a year of continued activity in Australia’s Anti-Money Laundering Counter Terrorism Financing (AML/CTF) space. In our last …
Game on: ASIC hits the jackpot in the Panel in the Ainsworth matter
The Takeovers Panel accepted undertakings (relatively late in the process) from Mrs Ainsworth (a 8.96% shareholder) to, amongst other things, refrain …
Guide to Financial Services Regulation in Asia Pacific
The regulatory landscape for the financial services industry in Asia Pacific has never been more challenging than it is today. Regulatory change and …
FIRB tax conditions in M&A deals 2.0 – a big improvement
There were plenty of tax measures announced in the Federal Budget on 3 May 2016. However, the announcement by Foreign Investment Review Board (FIRB) that …
FIRB tax conditions in M&A deals – the current state of play
On 22 February 2016, the Treasurer announced the introduction of new 'tax conditions' as part of the FIRB approval process. The tax conditions are wide …
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