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What will a tougher Unfair Contracts Regime mean for Suppliers? Emerging Trends in Interpretation of Standard Form Contract Protections for Small Business - Mar 2019

In light of growing calls for the introduction of penalties for the unfair terms in standard form contracts.

Partner, Sarah Johnson, examines emerging themes in the consideration of unfair contract terms

Fourth edition of ASX Corporate Governance Principles and Recommendations published - Mar 2019

The much anticipated fourth edition of the ASX Corporate Governance Principles and Recommendations was released on 27 February 2019. The revised principles and recommendations will take effect for an entity’s first full financial year commencing on or after 1 January 2020.  The final document adopted the majority of the proposals from the 2018 consultation draft, however there have been some notable exceptions.  

Alasdair McLean, Principal and Law Graduate, Rachael Lopez provide an overview of the update and key takeaways for ASX listed companies.

New protections when buying residential property off the plan - Mar 2019

The Conveyancing Legislation Amendment Act 2018 (NSW) (Amending Act) is set to better regulate sales of off the plan residential property in New South Wales. In particular, the Amending Act will:

  • improve the level of disclosure that vendors must make to purchasers; and
  • make it easier for purchasers to rescind contracts for sale. 

Partner, Timothy Coleman, and Lawyer, Brianna Smith consider what these changes will mean for both vendors and purchasers.

ASIC consulting on RG 209 update - Feb 2019

ASIC has announced that it is reviewing and updating the Regulatory Guide 209 which has not been revised in four years. Partner, Andrea Beatty and Lawyer, Gabor Papdi review the suggested changes.

Online small business lenders signing up to AFIA code - Feb 2019

The list of online business lenders who become signatories of AFIA’s Online Small Business Code (Code) of Lending Practice is steadily increasing. Partner, Andrea Beatty and Law Graduate, Chelsea Payne highlight the benefits for small businesses borrowers.

ASIC appealing Westpac subsidiaries ‘personal advice’ Federal Court decision - Feb 2019

An appeal has been filed against the decision regarding Westpac subsidiaries, Westpac Securities Administration Limited (WSAL) and BT Funds Management Limited (BT Funds). Partner, Andrea Beatty and Law Graduate, Chelsea Payne report on the ramifications.

New Whistleblowing laws passed - Feb 2019

The long awaited reforms to Australian whistleblower legislation was passed on 19 February 2019. Partner, Andrea Beatty; Law Graduate, Chelsea Payne and Law Graduate, Danielle Bonanno outline the significance of the reforms and what they signify for companies and individuals.

ASIC provides response to Royal Commission Final Report - Feb 2019

A recent media release by ASIC highlights their response to the Banking Royal Commission. Partner, Andrea Beatty and Law Graduate, Danielle Bonanno, review ASICs level of commitment to the recommendations.

ASIC to pursue harsher penalties with tougher laws passed by Senate - Feb 2019

ASIC will soon be able to pursue harsher penalties against banks, executives and other in breaches of financial services laws, after a significant bill was passed by both houses. Partner, Andrea Beatty and Law Graduate, Danielle Bonanno review the proposed changes to ASIC’s power.

Labor plans to require banks and regulators to report every six months - Feb 2019

In the wake of the Banking Royal Commission, the Labor Party has announced plans to require banks and financial regulators to report every six months on their progress to remedy cultural problems. Partner, Andrea Beatty and Law Graduate, Chelsea Payne report on the proposal.

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