Hall & Wilcox | Australia | 24 Mar 2010
Further to our update of 19 August 2009, on 23 December 2009 the Australian Securities and Investments Commission (ASIC) announced an intention to grant conditional relief for investors in frozen mortgage funds to enable a responsible entity to implement a 'rolling' withdrawal offer over a 12 month period.
Hall & Wilcox | Australia | 18 Dec 2009
This article explores the requirement for foreign financial services providers (FFSP) to hold an Australian Financial Services Licence (AFSL) when operating a financial services business in Australia and sets out the various options available to FFSPs including various exemptions from the requirement to hold an AFSL.
Hall & Wilcox | Australia | 8 Dec 2009
The Australian Securities and Investment Commission (ASIC) has released a package of regulatory guidance to help entities and individuals prepare for the new National Consumer Credit regime.
Hall & Wilcox | Australia | 4 Dec 2009
In response to a degree of uncertainty as to a director's statutory duty to prevent insolvent trading, the Australian Securities and Investments Commission (ASIC) has released a consultation paper containing a number of proposals on this fundamental duty (Consultation Paper 124: Duty to prevent insolvent trading: Guide for directors).
Hall & Wilcox | Australia | 8 Oct 2009
On 2 October 2009, the Federal Government released its exposure draft regulations (draft regulations) on short-selling disclosure.
Hall & Wilcox | Australia | 24 Sep 2009
Further to our article Secured Lender beware: Octaviar the Court of Appeal of the Supreme Court of Queensland has heard, and unanimously allowed an appeal against the first instance decision in Re Octaviar Ltd; Re Octaviar Administration Pty Ltd [2009] QSC 37 (6 March 2009) (Octaviar).