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Penalties for breaches of Australian competition and consumer law set to increase
On 18 August 2022, the Commonwealth Government released draft legislation proposing five-fold increases in the maximum penalties that apply to companies …
Time for reform: Can Australia bring secured transaction law into the digital age?
Reforms to Australian secured transaction law is required to meet the demands of the modern and adaptive digital asset marketplace – but will Australia’s …
Unmasking trolls: defamation reform for the digital age
Newly proposed ‘unmasking’ obligations will force social media service providers to disclose contact details of defamatory commenters – but what exactly …
FSR Outlook 2022: Anticipating change, being prepared
Our Financial Services Regulatory (FSR) team surveys the regulatory landscape for 2022 and identifies themes that we expect to be at the core of …
FAR moving forward: What’s new and what next?
The Financial Accountability Regime Bill 2021 (FAR Bill) was introduced in the House of Representatives on 28 October 2021. This legislation will replace …
ASIC’s consultation on regulator guidance closes as financial service and credit licensees prepare for Australia’s breach reporting reforms
In April of this year, we wrote about draft guidance released by the Australian Securities and Investments Commission (ASIC) on the significant impending …
Regulator guidance the latest development in countdown to Australia’s breach reporting reforms
In December last year we wrote of the sweeping changes to Australia’s breach reporting regime that had been passed into legislation by Federal Parliament …
New ACICA 2021 Arbitration Rules
The Australian Centre of International Commercial Arbitration (ACICA) has unveiled revised Arbitration Rules due to enter into force in April 2021. As …
Major foreign investment reforms in Australia – what you need to know
Significant amendments to Australia’s foreign investment regime commenced on 1 January 2021. Nearly three months after their commencement, we are …
Australia approves sweeping changes to breach reporting regime
In a move with significant implications for Australian financial services and credit licensees (AFS Licensees and Credit Licensees respectively), the …
Australian foreign investment reform legislation passed by Parliament
The Foreign Investment Reform (Protecting Australia’s National Security) Act 2020 (Reform Act) and the Foreign Acquisitions and Takeovers Fees Imposition …
The ALRC’s proposed “system of conduct offence” – How repeat civil contraventions may have criminal bite
In this briefing we provide a breakdown of what a new “system of conduct” offence could involve and our initial views on implications for corporations in …
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